• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 15, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

Tata Motors’ luxury unit JLR drives company to profitability

by Indrajeet Giram
January 26, 2023
in Markets
Reading Time: 2 mins read
0
Tata Motors' luxury unit JLR drives company to profitability

Tata Motors' luxury unit JLR drives company to profitability

TwitterWhatsappLinkedin

You might also like

ChrysCapital Scoops Up Theobroma in ₹2,410 Cr Deal: A Sweet Play in India’s QSR Scene

Nintendo Switch Piracy Hub Nsw2u Taken Down in FBI Crackdown

France Investigates X Over Algorithm Changes Amid Fears of Foreign Interference

Tata Motors, one of India’s leading car manufacturers, has reported a profit for the first time in two years. The company’s luxury car unit, Jaguar Land Rover (JLR), has also returned to profitability, thanks to improving semiconductor chip supplies and rising demand.
The car industry has been facing challenges due to supply chain disruptions and shortages of critical semiconductor components since the onset of the COVID-19 pandemic. However, the situation has improved in India, where carmakers are benefiting from strong demand, easing commodity costs, and a slew of price hikes to make up for price inflation.
Tata Motors' luxury unit JLR drives company to profitability
source : finance.yahoo.com

JLR posted a third-quarter profit before tax of £265 million ($326.2 million), compared to a loss of £9 million a year earlier, thanks to higher sales and better product mix and pricing.

Tata Motors, the Indian automaker, has reported record sales for its luxury arm, Jaguar Land Rover (JLR). The company announced that the total number of orders reached 215,000 units, with its three most profitable models – the New Range Rover, Range Rover Sport and Defender – accounting for three-quarters of the order book. Despite this positive news, the company may struggle to meet its zero net debt target, which will be reviewed in March.

Tata Motors net profit for 2022

The company’s consolidated net profit came in at 29.58 billion rupees ($362.5 million) for the quarter ended December 31, compared with a loss of 15.16 billion rupees a year earlier. This exceeded analysts’ expectations, who had on average predicted a loss of 185.6 million rupees, according to Refinitiv IBES data.

The results for Tata Motors and JLR are a positive sign for the car industry in India, which has been hit hard by the pandemic. The company’s positive results are also a sign of the improving supply chain situation, which is good news for other manufacturers in the industry. With car demand in India on the rise, it looks like the industry is on a path to recovery.

Tata Motors is a leading Indian multinational automotive manufacturing company that was founded in 1945. The company is headquartered in Mumbai, India and is a subsidiary of the Tata Group, one of India’s largest conglomerates. Tata Motors is known for producing a wide range of vehicles, including cars, buses, trucks, and military vehicles.

Tata Motors has made significant contributions to the Indian automotive industry and has played a key role in the country’s economic growth. The company has a strong presence in the Indian market, with a range of popular and affordable vehicles that are designed to meet the needs of a diverse customer base.
Tags: #economicgrowth#ratan_tataJLRNifty 50sensexTata MotorsTelcom Industry
Tweet54SendShare15
Previous Post

IBM and SAP to cut thousands of jobs in latest tech sector layoffs

Next Post

Factors to Consider When Choosing an Online Casino in 2023

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

ChrysCapital Scoops Up Theobroma in ₹2,410 Cr Deal: A Sweet Play in India’s QSR Scene

by Ishaan Negi
July 15, 2025
0
ChrysCapital Scoops Up Theobroma in ₹2,410 Cr Deal: A Sweet Play in India’s QSR Scene

In a high-stakes bake-off in the Indian food services space, homegrown private equity firm ChrysCapital is all set to acquire a controlling stake in Theobroma, the premium bakery...

Read more

Nintendo Switch Piracy Hub Nsw2u Taken Down in FBI Crackdown

by Harikrishnan A
July 15, 2025
0
Nintendo Switch Piracy Hub Nsw2u Taken Down in FBI Crackdown

A well-known website catering to Nintendo Switch piracy, Nsw2u, has been permanently taken offline following an investigation led by the FBI. The site, widely used for downloading illegal...

Read more

France Investigates X Over Algorithm Changes Amid Fears of Foreign Interference

by Harikrishnan A
July 15, 2025
0
European Union Commences Investigation into Social Media Firm X for Alleged DSA Violations

French authorities have opened a formal investigation into the social media platform X—formerly known as Twitter—amid allegations that its algorithm may have been manipulated to support foreign interference...

Read more
Next Post
Image by Aidan Howe from Pixabay

Factors to Consider When Choosing an Online Casino in 2023

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?