Tata Motors registers 102-fold jump in net profit

Auto major Tata Motors has recently registered a significant 102-fold rise in its consolidated net profit for the quarter which ended June to September at R2,223 crore. This 102-fold jump is the result of the strong demand for the company’s products in various segments. Tata Motors had registered the net profit of R21.8 crore in the same period in the earlier year, stated the company. Also, during the second quarter, the consolidated total income of the company from operations raised by 36.48% to INR 28,782 crore from INR 21,088.5 crore in the corresponding period of the previous year, said Tata Motors in one of its statements. According to the company, the approving and pleasant macroeconomic conditions, good weather of monsoon and nice availability of finance paved the way for a strong domestic demand in the quarter. This obviously indicated the positive consequence of volume growth in all segments. Tata Motors’ shares increased marginally and closed the day at R1,270.55 a piece on BSE (Bombay Stock Exchange).

One of the biggest Indian car manufacturer, Tata Motors has a reputed and strong image in the auto market because of its appealing vehicles. The company has got impressive range of vehicles in nearly each and every segment of the Indian auto market. Tata Motors product range has got everything from cheapest and smallest Tata Nano to the very first crossover called Tata Aria. Because of its cute and small car, Tata Nano, the company has successfully positioned itself on the international map. Tata Motors has also received fame through its international ventures. One such example is of JLR (Jaguar Land Rover). This British Luxury brand, JLR was taken over by Tata Motors.

In the year 2008, Tata Motors bought Jaguar Land Rover, a debt ridden company, hit by recession. The JLR brand started recovering its financial losses as soon as Tata Motors took over it. Not only this, it also started running in profit. Jaguar Land Rover now intends to earn profits in the present year and has the target of selling over 200,00 cars. JLR is also planning to establish a new manufacturing facility in China.

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