Tata Motors Posts Second-Quarter Profit
Tata Motors reported a quarterly profit compared to a loss a year earlier, driven by resilient commercial vehicle demand and steady infrastructure activity. Total revenue rose significantly, though rising raw material costs continued to weigh on profit margins.
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Tata Motors Ltd /New swung to a quarterly profit of 21.38 billion rupees ($225.19M) for the July to September period, driven by commercial vehicle demand in India. The result marks a recovery from the 10.21 billion rupee loss recorded in the same period a year earlier. Total revenue from operations rose 41.9% to 239.30 billion rupees, supported by wholesale volume gains across domestic and export markets.
