Mexican Media Brands
JLR Gains Soften Tata’s Profit Drop
Tata Motors Ltd. netted 39.5 billion rupees (€545 million) in the fiscal fourth quarter ended March 31 compared with 62.3 billion rupees (€861 million) a year earlier.
#economics
Share
Tata Motors Ltd. netted 39.5 billion rupees (€545 million) in the fiscal fourth quarter ended March 31 compared with 62.3 billion rupees (€861 million) a year earlier.
Revenue grew 10% to 560 billion rupees (€7.7 billion) in the January-March period. Sales of Tata brand vehicles plummeted 31% to 197,100 units. But demand for Jaguar and Land Rover vehicles climbed 19% to 116,200 units.
JLR's quarterly revenue jumped 22% to 5.1 billion (€5.9 billion), propelled by a 48% surge in China. But the unit's net earnings plunged 46% to 378 million (€442 million), largely because of a one-time tax gain of 225 million (€263 million) a year earlier.
The Tata brand's revenue dropped 32% to 111 billion rupees (€1.5 billion) in the quarter. The business swung to a 3.1 billion-rupee (€43 million) loss from a 5.7 billion-rupee (€78 million) profit a year earlier.
For the full fiscal year, the company's net income slid 27% to 98.9 billion rupees (€1.4 billion). Revenue rose 14% to 1.89 trillion rupees (€26.1 billion).
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.