Tata Motors Ltd’s British unit Jaguar Land Rover Automotive Plc (JLR) saw a significant turnaround in the second half of FY23. Investors have approved, taking Tata Motors shares up by a third so far in 2023.
JLR’s performance has helped Tata Motors clock record consolidated revenue in FY23. The company also swung to a net profit of ₹2,690 crore in FY23 from a loss in FY22.
In the March quarter (Q4FY23), all the three key verticals—JLR, commercial vehicle (CV) and passenger vehicle (PV)—saw year-on-year and sequential expansion in operating margins. This is encouraging and the segments have better tailwinds going into FY24. But the road isn’t smooth.
Bu hikaye Mint Mumbai dergisinin May 15, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin May 15, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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