TaMo reports consolidated Q2 net profit of Rs 3,783 cr

Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover (JLR), both 100 per cent subsidiaries of the auto major, have entered into a Memorandum of Understanding (MoU), Tata Motors said

DT NEXT Bureau

Updated:3rd Nov, 2023 at 2:00 AM

NEW DELHI: Tata Motors (TaMo) on Thursday reported a consolidated net profit of Rs 3,783 crore for the September quarter. The Mumbai-based auto major had posted a consolidated net loss of Rs 1,004 crore in the year-ago period, Tata Motors said in a regulatory filing.

Total consolidated revenue from operations stood at Rs 1,05,128 crore, against Rs 79,611 crore in the year-ago period.

Its electric vehicle arm has inked a licensing pact to source electrified architecture from Jaguar Land Rover for the development of ‘Avinya’ range of cars.

Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover (JLR), both 100 per cent subsidiaries of the auto major, have entered into a Memorandum of Understanding (MoU), Tata Motors said.

TPEM and JLR will also enter into an engineering services agreement to support former’s content requirements for the first vehicle development.

SCROLL FOR NEXT

TaMo reports consolidated Q2 net profit of Rs 3,783 cr

Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover (JLR), both 100 per cent subsidiaries of the auto major, have entered into a Memorandum of Understanding (MoU), Tata Motors said

Also Read

Cyclone Murasu: TN rushes 500 electricity dept personnel, equipment to AP to restore power

SC dismisses petition filed by former DMK minister Nehru in cash-for-job scam

DMK chief Stalin slams TVK govt over GST slump, loss of Rs 1,614 crore Korean investment to AP

CM Vijay inaugurates Rs 23 crore bus stand in Pudukottai

TASMAC retail outlets remain State-run as govt revises rules for private bars