![High-end SUVs Drive Tata Motors Profit](https://cdn.magzter.com/1371451935/1701682461/articles/eXQQaoOZy1702971144259/HIGHEND-SUVS-DRIVE-TATA-MOTORS-PROFIT.jpg)
#7 BIGGEST GAINER - LOSS TO PROFIT
TATA MOTORS
WHEN TATA MOTORS acquired British luxury carmaker Jaguar Land Rover (JLR) from Ford for $2.3 billion a decade and a half ago, analysts were sceptical. It was the year of the global financial crisis and demand for luxury cars had taken a beating. But against all odds, the Tata Group company went from ₹2,500 crore loss in FY09 to ₹13,986 crore in profits in FY15.
The euphoria, however, was shortlived. The homegrown automaker recorded the biggest-ever quarterly loss (₹26,961 crore) by an Indian company in Q3FY19. The losses continued through the pandemic as disruptions in the global supply chain led to a semiconductor crisis, causing a decline in volumes. The huge leverage on its books didn't help JLR either. As the chip shortage abated in the second half of 2023, volumes picked up and the company swung back to profits again.
JLR halved its break-even volume threshold to 300,000 units in FY23, from 600,000 in FY19, thanks to its focus on high-margin SUVs. Profitable cars, including Range Rover, Range Rover Sport and Defender, contributed 77% to the 168,000 order-book at the end of Q2FY24. To overcome supply chain disruptions, Tata Motors is redesigning vehicles to reduce dependency on semiconductors. The automaker is also forging alliances with chipmakers to ensure a steady supply.
The Tata Group firm clocked its fourth straight quarterly profit in the September quarter, driven by strong JLR sales. Its luxury unit's revenue grew 30% to £6.9 billion in Q2 and net debt halved to £2.2 billion in the 12 months to September 2023. JLR aims to slash it to less than £1 billion by the end of FY24 and become net cash positive by FY25.
Diese Geschichte stammt aus der December 2023-Ausgabe von Fortune India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 2023-Ausgabe von Fortune India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
![Former Philadelphia City Councilwoman Donna Reed Miller has made Transition](https://reseuro.magzter.com/100x125/articles/27264/1751455/891BHfXKb1719901445204/FORMER-PHILADELPHIA-CITY-COUNCILWOMAN-DONNA-REED-MILLER-HAS-MADE-TRANSITION.jpg)
Former Philadelphia City Councilwoman Donna Reed Miller has made Transition
Councilwoman Donna Reed Miller was just out at the Germantown Juneteenth Festival a couple of weeks ago, enjoying the day with her grandchildren and daughter, and now, she has made her transition.
![Supplemental Security Income for children with disabilities](https://reseuro.magzter.com/100x125/articles/27264/1751455/PYjYVDzPI1719904829715/SUPPLEMENTAL-SECURITY-INCOME-FOR-CHILDREN-WITH-DISABILITIES.jpg)
Supplemental Security Income for children with disabilities
Did you know that Social Security's Supplemental Security Income (SSI) program provides cash payments to children with disabilities whose families have limited income and resources?
![That Girl Lay Lay hits Philly with concert](https://reseuro.magzter.com/100x125/articles/27264/1751455/fhyQxOpza1719904317582/THAT-GIRL-LAY-LAY-HITS-PHILLY-WITH-CONCERT.jpg)
That Girl Lay Lay hits Philly with concert
Have you heard of Alaya \"That Girl Lay Lay\" High? If you are in your early teens, you do? This young rap artist took the industry by storm.
![The State of Chester City](https://reseuro.magzter.com/100x125/articles/27264/1751455/ylgj66NNt1719904563293/THE-STATE-OF-CHESTER-CITY.jpg)
The State of Chester City
Six months into his term in office, Chester Mayor Stefan Roots gave his first \"State of the City \"address on Tuesday morning on Widener's campus in Latham Hall.
![Keeping Camden Clean](https://reseuro.magzter.com/100x125/articles/27264/1751455/Ql25oIKIs1719904724892/KEEPING-CAMDEN-CLEAN.jpg)
Keeping Camden Clean
Mayor Carstarphen and volunteers continue their clean-up events in the Camden Community to achieve their goal of a cleaner and safer community for the county's residents.
![ORGANIC MODERN](https://reseuro.magzter.com/100x125/articles/21967/1743628/QrQVh7G-B1719917631177/ORGANIC-MODERN.jpg)
ORGANIC MODERN
KASIE DINELLA OF MEND INTERIORS INJECTS A NEW HAMPSHIRE HOME WITH WOOD TONES, ALONG WITH BLUES AND GREENS, TO GIVE IT A FRESH, CLEAN FEEL.
![SUMMER HOUSE](https://reseuro.magzter.com/100x125/articles/21967/1743628/4iqWh0Lup1719916983042/SUMMER-HOUSE.jpg)
SUMMER HOUSE
KENNERKNECHT DESIGN GROUP CREATES A TIMELESS NEW ENGLAND AESTHETIC ON THIS SMALL ISLAND 30 MILES OUT TO SEA.
![Dreamscape](https://reseuro.magzter.com/100x125/articles/21967/1743628/YZHq39YXK1719920518690/DREAMSCAPE.jpg)
Dreamscape
Dan Gordon Landscape Architects designs an idyllic outdoor setting for a young family.
![School in West Africa enjoys the benefits of growing partnership with Franklin Towne Charter Elementary School](https://reseuro.magzter.com/100x125/articles/27264/1751455/jDnlBhY-K1719903905336/SCHOOL-IN-WEST-AFRICA-ENJOYS-THE-BENEFITS-OF-GROWING-PARTNERSHIP-WITH-FRANKLIN-TOWNE-CHARTER-ELEMENTARY-SCHOOL.jpg)
School in West Africa enjoys the benefits of growing partnership with Franklin Towne Charter Elementary School
PHILADELPHIA, June 2024 - For the young students of the Benia International School in Duazon, Liberia, the shipment was an answered prayer.
![Pennsylvania court will decide whether skill game terminals are gambling machines](https://reseuro.magzter.com/100x125/articles/27264/1751455/u_9vqqCDr1719903579361/PENNSYLVANIA-COURT-WILL-DECIDE-WHETHER-SKILL-GAME-TERMINALS-ARE-GAMBLING-MACHINES.jpg)
Pennsylvania court will decide whether skill game terminals are gambling machines
HARRISBURG, PA. (AP)-Pennsylvania's highest court will decide whether the cash-paying electronic game terminals that have become commonplace in convenience stores, bars, and elsewhere are unlicensed gambling machines and, as a result, must be shut down.
![Through the window of Bill's Barbershop (Pt 2)](https://reseuro.magzter.com/100x125/articles/27264/1751455/EqCBdgVbe1719903105836/THROUGH-THE-WINDOW-OF-BILLS-BARBERSHOP-PT-2.jpg)
Through the window of Bill's Barbershop (Pt 2)
Let us journey back to the winter of 1958 when my grandfather William Bryant came home to his loving wife after another hard day's work as a gas line repairman for the Philadelphia Gas Company.
![WEST COAST MEETS NORTH SHORE](https://reseuro.magzter.com/100x125/articles/21967/1743628/GW9qvrn0G1719916577336/WEST-COAST-MEETS-NORTH-SHORE.jpg)
WEST COAST MEETS NORTH SHORE
A FARMHOUSE IN BEVERLY GETS A COASTAL MAKEOVER THAT MARRIES NEW ENGLAND CHARM WITH CALIFORNIA COOL.
![Storybook Ending](https://reseuro.magzter.com/100x125/articles/21967/1743628/dEt9Co48C1719919941218/STORYBOOK-ENDING.jpg)
Storybook Ending
A collaboration between Found Design Studio and Carpenter & MacNeille transforms this 19th-century cottage into a gracious family home.
![RESORT LIFE](https://reseuro.magzter.com/100x125/articles/21967/1743628/bwXm-CRhc1719919649429/RESORT-LIFE.jpg)
RESORT LIFE
AN ANDOVER BACKYARD IS TRANSFORMED INTO A STAYCATION HAVEN
![Temple Landed On Me. I Didn't Land On Temple](https://reseuro.magzter.com/100x125/articles/27264/1751455/1BUMnhnLY1719899967560/TEMPLE-LANDED-ON-ME-I-DIDNT-LAND-ON-TEMPLE.jpg)
Temple Landed On Me. I Didn't Land On Temple
An Update On Barber's Hall
![Mayor Cherelle L. Parker launches extended day, extended year school initiative](https://reseuro.magzter.com/100x125/articles/27264/1751455/vDRsY9H2V1719903703201/MAYOR-CHERELLE-L-PARKER-LAUNCHES-EXTENDED-DAY-EXTENDED-YEAR-SCHOOL-INITIATIVE.jpg)
Mayor Cherelle L. Parker launches extended day, extended year school initiative
Mayor Cherelle L. Parker unveiled details for a high-priority Parker Administration initiative Extended Day, Extended Year School. Today's announcement is an important component of Mayor Parker's goal to provide economic opportunity for all Philadelphians.
![Pope Francis believes the world needs to laugh more. He's right](https://reseuro.magzter.com/100x125/articles/27264/1751455/PLQ3mXQpB1719904003759/POPE-FRANCIS-BELIEVES-THE-WORLD-NEEDS-TO-LAUGH-MORE-HES-RIGHT.jpg)
Pope Francis believes the world needs to laugh more. He's right
As an experienced class clown who long has felt the power of comedy to be vastly underappreciated, I was more than tickled to hear that Pope Francis had invited more than 100 comedians to an audience at the Vatican.
![CIVICS 101](https://reseuro.magzter.com/100x125/articles/27264/1751455/dRrs9FY0n1719904131399/CIVICS-101.jpg)
CIVICS 101
The first official \"Law of the Land\" for American citizens was and is the United States Constitution.
![Project 2025 is the new Southern Manifesto](https://reseuro.magzter.com/100x125/articles/27264/1751455/Ir0vGIAzd1719904226462/PROJECT-2025-IS-THE-NEW-SOUTHERN-MANIFESTO.jpg)
Project 2025 is the new Southern Manifesto
\"Project 25 is a radical, extreme, pro-authoritarianism plan pushed by conservatives who are desperate to take our country backward.
![THE ART OF CREATING HOUSES](https://reseuro.magzter.com/100x125/articles/21967/1743628/dzaV4kH9U1719918110787/THE-ART-OF-CREATING-HOUSES.jpg)
THE ART OF CREATING HOUSES
AUTHOR JOHN R. DASILVA, FAIA OFFERS A DEEP DIVE INTO THE PSD'S SHINGLE-STYLE HOUSES.
![SLUMBER STYLE](https://reseuro.magzter.com/100x125/articles/21967/1743628/KI54Ayy1I1719917295614/SLUMBER-STYLE.jpg)
SLUMBER STYLE
INTERIOR DESIGNER BARI LIEBERMAN INTRODUCES COLOR, TEXTURE, AND PATTERN IN THIS BOLD BEDROOM
![ALFRESCO LIVING](https://reseuro.magzter.com/100x125/articles/21967/1743628/V4w45mpbt1719919315514/ALFRESCO-LIVING.jpg)
ALFRESCO LIVING
WILMINGTON-BASED REFINED RENOVATIONS AND ANDOVER-BASED ANDOVER LANDSCAPE DESIGN AND CONSTRUCTION BLUR THE LINES IN THIS ANDOVER RENOVATION.
![REIMAGINING the Past](https://reseuro.magzter.com/100x125/articles/21967/1743628/c6Ivw0li91719920187758/REIMAGINING-THE-PAST.jpg)
REIMAGINING the Past
Patrick Ahearn brings 19th-century character back to an 1850s farmhouse.
![CONCRETE COASTAL](https://reseuro.magzter.com/100x125/articles/21967/1743628/XYGsk5Scf1719919779931/CONCRETE-COASTAL.jpg)
CONCRETE COASTAL
SASHYA THIND WARMS CONCRETE WITH WOOD, CREATING CONTEMPORARY INTERIORS THAT FEEL PERFECTLY AT HOME ON THE WATER.
![THE LAST RAVE](https://reseuro.magzter.com/100x125/articles/8859/1751212/nxcRM0EjJ1719831949168/THE-LAST-RAVE.jpg)
THE LAST RAVE
Remembering a summer of estrangement.
![HOW THE WEST WAS LONG](https://reseuro.magzter.com/100x125/articles/8859/1751212/Vh1HXqPe-1719836720878/HOW-THE-WEST-WAS-LONG.jpg)
HOW THE WEST WAS LONG
“Horizon: An American Saga—Chapter 1.”
![TWICE-TOLD TALES](https://reseuro.magzter.com/100x125/articles/8859/1751212/FSnHEVQ2G1719836202950/TWICETOLD-TALES.jpg)
TWICE-TOLD TALES
The seditious writers who unravel their own stories.
![CASTING A LINE](https://reseuro.magzter.com/100x125/articles/8859/1751212/zYjGjav-D1719835755852/CASTING-A-LINE.jpg)
CASTING A LINE
The hard-bitten genius of Norman Maclean.
![THE HADAL ZONE](https://reseuro.magzter.com/100x125/articles/8859/1751212/KiyGvpfRQ1719834860480/THE-HADAL-ZONE.jpg)
THE HADAL ZONE
Arwen Rasmont waits hours at Keflavík International for his flight; they call it as he leaves the men’s room. He walks past the mirrored wall and is assaulted, as usual, by his dead father’s handsome image: high-arched nose, yellow hair.
![OPENING THEORY](https://reseuro.magzter.com/100x125/articles/8859/1751212/9TQXbGoRi1719833635129/OPENING-THEORY.jpg)
OPENING THEORY
Ivan is standing on his own in the corner while the men from the chess club move the chairs and tables around.