Tata Motors to demerge its PV, CV biz into 2 separate listed companies
While there are limited synergies between CV and PV businesses, there are considerable synergies to be harnessed across PV, EV and JLR, says Tata Motors
While there are limited synergies between CV and PV businesses, there are considerable synergies to be harnessed across PV, EV and JLR, says Tata Motors
Tata Group has taken bets for the future, says N Chandrasekaran.
Jaguar and Land Rover delivered the highest wholesales in 11 quarters during the quarter ended December.
Tata Motors' market share in the country's fast-growing EV segment is 75%.
Measures to reduce costs and lower break-even volume at JLR boost bottom line.
Revenues of Tata Motors' subsidiary JLR improved by 30.4% to 6.9 billion pounds.
This partnership will deliver substantial savings for JLR over the next five years, unlocking free cash flow to reinvest into the future, says TCS.
The net debt of automotive division fell to ₹41,700 crore in June from ₹43,700 crore in March.
Shares of Tata Motors hit a record high of ₹665.40 on the NSE.
JLR also announced the appointment of Richard Molyneux as chief financial officer.