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<keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> on Friday reported over three-fold jump in consolidated net profit at Rs 17,528.59 crore in the fourth quarter ended March 31, 2024, riding with all its three auto businesses delivering a strong performance, specially the British arm <keyword id="20059278" type="General" weightage="20" keywordseo="Jaguar-Land-Rover" source="keywords" meta.keywordsubtype="org" meta.entityname="Jaguar Land Rover" meta.hostid="261" meta.entityid="Jaguar Land Rover">Jaguar Land Rover</keyword>. The company had posted a consolidated net profit of Rs 5,496.04 crore in the same quarter of the previous fiscal, Tata Motors said in a regulatory filing. Total consolidated revenue from operations stood at Rs 1,19,986.31 crore, as compared to Rs 1,05,932.35 crore in the year-ago period. In <keyword id="20028449" type="General" weightage="20" keywordseo="Q4" source="keywords">Q4</keyword> FY24, Tata Motors said all three auto businesses delivered strong performance. The company's British arm Jaguar Land Rover had "another record-breaking quarter in Q4 FY24. Revenue for the quarter was 7.9 billion pounds, up 11 per cent versus Q4 FY23", Tata Motors said. JLR's Profit After Tax (PAT) in Q4 was 1.4 billion pounds as against a profit of 259 million pounds in the same quarter a year ago, it added. The Board of Directors have recommended a final dividend of Rs 3 per ordinary share and Rs 3.10 per 'A' ordinary share and a special dividend of Rs 3 per ordinary share and Rs 3.10 per 'A' ordinary share subject to approval by the shareholders. For the fiscal ended March 31, 2024, consolidated net profit was at Rs 31,806.75 crore as compared to Rs 2,689.87 crore in the previous fiscal, the company said. In FY24, total consolidated revenue from operations stood at Rs 4,37,927.77 crore as compared to Rs 3,45,966.97 crore in FY23. <keyword id="20430970" type="General" weightage="20" keywordseo="tata-motors-group" source="keywords">Tata Motors Group</keyword> Chief Financial Officer, PB Balaji said in FY24 the Tata Motors Group delivered its highest-ever revenues, profits, and free cash flows. "The India business is now debt-free, and we are on track to become net automotive debt-free on a consolidated basis in FY25. The businesses are executing well on their distinct strategies and therefore, we are confident of sustaining this strong performance in the coming years," he added. JLR's revenues for FY24 were 29 billion pounds, its highest-ever full-year revenue and up 27 per cent compared to the prior year, while PAT for FY24 was 2.6 billion pounds. "We have delivered a record financial performance for the company, generating free cash flow of 2.3 billion pound, enabling us to reduce net debt to 0.7 billion pound," JLR Chief Executive Officer Adrian Mardell said. The foundation of this performance was the sustained global demand for JLR's modern luxury vehicles, led by Range Rover and Defender brands, underpinned by a consistent focus on operational improvement, he added. Tata Commercial Vehicles' Q4 FY24 revenue was at Rs 21,600 crore, while FY24 revenue was Rs 78,800 crore. In Q4 FY24, domestic wholesale commercial vehicles (CV) volumes were 1,04,600 units, lower 7 per cent year-on-year on account of increased pre-buy in Q4 FY23 due to BS6 Phase II transition, the company said. Tata Motors Ltd Executive Director Girish Wagh said the Indian CV industry grew by a modest 2 per cent in volumes during FY24, impacted by a high base effect of FY23, elections held across five states and the announcement of general elections. "Our sharp focus on profitable growth resulted in the CV business recording its highest-ever revenues of Rs 78,800 crore and profits of Rs 6,100 crore in FY24. Going forward, we will intensify our efforts to grow market share, profitably and consistently, in every business segment by delivering more value to customers with innovative products, smarter services and holistic mobility solutions," he added. Tata Passenger Vehicles clocked revenue of Rs 14,400 crore in Q4 while for the full year FY24 it was at Rs 52,400 crore. In Q4, Passenger Vehicle (PV) volumes were at 1,55,600 units, up 14.8 per cent from the year-ago period, supported by new SUV facelifts and multiple power trains, the company said. "Passenger vehicle sales in India set a record in FY24 with over 4.2 million units sold, driven by SUVs (50 per cent of overall sales) and emission-friendly powertrains. Tata Motors recorded its third consecutive year of highest sales volumes with 6 per cent growth in wholesales and 10 per cent in retail sales over FY23," Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Managing Director Shailesh Chandra said. The company sold 73,800 EVs during the year, marking a 48 per cent increase as compared to FY23 and crossed a milestone of 1.5 lakh cumulative EV production, he added. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank">Indian smartphone market up 8%, 5G smartphones account for over 70% of shipments</a><a href="https://www.businessinsider.in/sports/webstories/ipl-decoded-highest-individual-scores-in-ipl-2024-so-far-from-stoinis-to-kohli/slidelist/110008351.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/ipl-decoded-highest-individual-scores-in-ipl-2024-so-far-from-stoinis-to-kohli/slidelist/110008351.cms" target="_blank">IPL Decoded: Highest individual scores in IPL 2024 so far, from Stoinis to Kohli</a><a href="https://www.businessinsider.in/tech/mobile/news/apple-and-samsung-dominate-the-top-selling-smartphones-in-q1-2024/slidelist/109977094.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-and-samsung-dominate-the-top-selling-smartphones-in-q1-2024/slidelist/109977094.cms" target="_blank">Apple and Samsung dominate the top-selling smartphones in Q1 2024</a>

Tata Motors Q4 consolidated net profit jumps over 3-fold at ₹17,528.59 crore

<keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> on Sunday said it will hike prices of its commercial vehicles by up to 3 per cent from January 1, 2024, to offset the residual impact of the past input costs. The increase will be applicable across the range of commercial vehicles, Tata Motors said in a statement. <keyword id="762866" type="General" weightage="20" keywordseo="passenger-vehicle" source="Orion">Passenger vehicle</keyword> makers such as <keyword id="44883" type="General" weightage="20" keywordseo="maruti-suzuki" source="Orion">Maruti Suzuki</keyword>, Hyundai Motor India, Tata Motors, Mahindra &amp; Mahindra, <keyword id="20630" type="General" weightage="20" keywordseo="honda" source="Orion">Honda</keyword> and <keyword id="6363321" type="General" weightage="20" keywordseo="audi" source="Orion">Audi</keyword> have also announced plans to increase vehicle prices in January.

Tata Motors to hike commercial vehicle prices by up to 3% from Jan 1

<keyword id="42747" type="General" weightage="100" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> on Tuesday said it plans to keep updating its SUV range as it expects the robustly growing segment to remain highly competitive with presence of all leading players. Sports utility vehicles are driving the overall growth of the domestic passenger vehicle segment. As per the latest SIAM data, SUV sales account for 60 per cent of the overall passenger vehicle sales in the country. In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director <keyword id="1890649" type="General" weightage="50" keywordseo="shailesh-chandra" source="Orion">Shailesh Chandra</keyword> said the company has a leadership position in some of the SUV sub-segments and is looking to consolidate in others. "The SUV segment is going to be an intensely fought segment. The top three-four players will have just a few thousand (units) here and there. At some point someone will be number one, sometimes somebody else will become number two," he said. He noted that in such scenarios it is more important to focus on the individual products and whether they are in the top two consideration for buyers. <keyword id="796" type="General" weightage="80" keywordseo="chandra" source="Orion">Chandra</keyword> said Punch and Nexon are market leaders in their respective segments while <keyword id="19169064" type="General" weightage="50" keywordseo="harrier-safari" source="Orion">Harrier Safari</keyword> combo was number two in its vertical. Tata Motors on Tuesday rolled out new versions of <keyword id="1606144" type="General" weightage="80" keywordseo="harrier" source="Orion">Harrier</keyword> and <keyword id="62620" type="General" weightage="80" keywordseo="safari" source="Orion">Safari</keyword> with price starting at Rs 15.49 lakh and Rs 16.19 lakh, respectively. "Going beyond this, we are coming with two more models -- Curvv and Sierra -- in 2024 and 2025, respectively," he stated. So the company's SUV portfolio is going to further strengthen from where it is now, Chandra noted. "We have been number one for quite some time. There have been few new launches by other players. The ranking will keep changing... there is no clear number one here. "Important thing is that we are doing excellent in all these four SUVs that we have. More importantly, we are adding to this portfolio, so our strength in SUV is going to always remain very strong going forward," he added. The updated versions of both Harrier and Safari have received top safety ratings from the vehicle safety group <keyword id="2032193" type="General" weightage="80" keywordseo="global-ncap" source="Orion">Global NCAP</keyword>. "With their 5-star GNCAP rating and highest scores by any Indian vehicle to date, our SUVs are the safest spaces on Indian roads," Chandra said. In a separate statement, Global NCAP said it has given five-star safety ratings to the new versions of <keyword id="595044" type="General" weightage="50" keywordseo="tata-safari" source="Orion">Tata Safari</keyword> and Harrier SUVs. Both models have achieved the highest ever score for adult and child occupant safety in the crash tests done by Global NCAP on Indian cars so far, it stated. Global NCAP rates vehicles from zero to five based on their safety features and automobiles with a higher rating are considered safer for occupants. "This is a very strong result... the top adult and child safety score in our testing to date confirms the manufacturer's strong commitment to developing safer vehicles, which we warmly welcome and applaud," Global NCAP Secretary General Alejandro Furas said in a statement. Global NCAP's crash test protocols assess frontal and side impact protection for all models, as well as electronic stability control. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/global-smartphone-shipments-decline-for-the-ninth-consecutive-quarter-expected-to-bounce-back-in-festive-season/articleshow/104487576.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/global-smartphone-shipments-decline-for-the-ninth-consecutive-quarter-expected-to-bounce-back-in-festive-season/articleshow/104487576.cms" target="_blank">Smartphone makers should be a worried lot as global shipments decline to a decade low</a><a href="https://www.businessinsider.in/business/auto/webstories/honda-goes-aggressive-as-cb300r-sees-a-37000-price-cut/slidelist/104492746.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/honda-goes-aggressive-as-cb300r-sees-a-37000-price-cut/slidelist/104492746.cms" target="_blank">Honda goes aggressive as CB300R sees a ₹37,000 price cut</a><a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-40-neo-review/articleshow/104487460.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-40-neo-review/articleshow/104487460.cms" target="_blank">Motorola Edge 40 Neo review – feature-packed, affordable device with average camera</a>

SUV segment to see intense competition among players: Tata Motors

<ul><li>Executive director of <keyword id="42747" type="General" weightage="20" keywordseo="Tata-Motors" source="Orion">Tata Motors</keyword>, Mr. Girish Wagh, announced at the <keyword id="13421246" type="General" weightage="20" keywordseo="auto-expo-2023" source="Orion">Auto Expo 2023</keyword> that the company is reimagining its entire product portfolio and operations to achieve net zero greenhouse gas by 2045.</li><li><keyword id="42747" type="DOMAIN" weightage="20" keywordseo="tata-motors" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="tata motors" meta.entityname="Tata Motors Ltd." meta.entityid="12934" meta.seoname="tata-motors-ltd">Tata Motors</keyword> MD <keyword id="1890649" type="General" weightage="20" keywordseo="Shailesh-Chandra" source="Orion">Shailesh Chandra</keyword> stated that the transition from traditional fuels to the EV ecosystem is 'inevitable.'</li><li>Highlighting the company's launches, Chandra noted that the products will cover the entire spectrum of price points</li></ul> The Managing Director of Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd., Mr Shailesh Chandra provided nuanced solutions for decreasing <keyword id="2894418" type="General" weightage="20" keywordseo="range-anxiety" source="Orion">range anxiety</keyword> among buyers with respect to the upcoming Electronic Mobility Ecosystem. In a conversation at the Auto Expo - The Motor Show 2023, Chandra said, "...I think the solution lies in the charging infra and ability to charge cars fast, and that also mainly on the highways". "..Having seen that in the last 2 to 3 years, or last 1 year, there are 3000 chargers which have been put which was not the case 4-5 years back. And not only has <keyword id="45008" type="DOMAIN" weightage="20" keywordseo="tata-power" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="tata power" meta.entityname="Tata Power Company Ltd." meta.entityid="12918" meta.seoname="tata-power-company-ltd">Tata Power</keyword> started putting these public chargers but now, there are many regional players and start-ups which are coming into this space. So in 2-3 years, I think the situation will be very different" he added. On January 11, the executive director of Tata Motors, Mr. Girish Wagh, announced at the Auto Expo 2023 that the company is reimagining its entire product portfolio and operations to achieve net zero greenhouse gas by 2045. Chandra stated that the transition from traditional fuels to the EV ecosystem is 'inevitable', and that the world for the automobile company after achieving its net zero targets would be 'fully electric'. "...Globally also it is acknowledged that given that the automotive industry has a significant contribution to the emissions, so it has to also move towards zero-emission technology very fast," he said, noting that in Europe and UK, the timeline to achieve the net zero target is defined aggressively by 2035. Talking about the affordability of Tata's EV products, Chandra said, "If you see the median prices of the cars sold in the country, it is roughly 9-9.5 lakh. So that's the sweet spot where the demand of the PV industry is there". "As far as mainstreaming of EV products is concerned, I think we have come to some distance in terms of bringing a product which can do that" he added, referring to the Tata Tiago EV. Highlighting the company's launches, Chandra noted that the products will cover the entire spectrum of price points and therefore, people with multiple affordability levels could buy a car. Tata Motors showcased 14 different vehicles at the Auto Expo 2023, including 4 natural gas-powered models, 2 fuel agonistic, new generation architectures, 5 BEVs (Battery <keyword id="6354973" type="General" weightage="20" keywordseo="electric-vehicles" source="Orion">Electric Vehicles</keyword>), 2 Hydrogen fuel cell electric vehicles and one Hydrogen internal combustion engine vehicle. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/layoffs-begin-at-ola-200-employees-to-be-impacted-by-restructuring-exercise/articleshow/96960388.cms">Layoffs begin at Ola, 200 employees to be impacted by restructuring exercise</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/evs-take-the-limelight-of-auto-expo-2023-new-launches-concept-cars-all-the-highlights-from-the-auto-show/articleshow/96944611.cms">EVs take the limelight of Auto Expo 2023 — new launches, concept cars, all the highlights from the auto show</a>

Charging infra improvement can reduce range anxiety for EVs: Tata Motors MD

Tata Motors on Tuesday said it will increase prices of its commercial vehicle range by up to 2 per cent from January to offset the impact of rising input costs. While the price increase will vary as per individual model and variant, it will be applicable across the entire range of commercial vehicles, the auto major said in a statement. The company has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike, it added. Tata Motors is the country's leading player in the commercial vehicle segment. The firm has already announced that it is looking to increase the prices of its passenger vehicles from next month to make its model range compliant with stricter emission norms, which kick in from April 2023. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/november-retail-inflation-may-be-down-but-the-war-against-inflation-is-on-say-experts/articleshow/96191403.cms" style="">November retail inflation may be down, but the war against inflation is on say experts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/online-education-company-and-unicorn-pluralsight-lays-off-400-employees/articleshow/96187396.cms" style="">Online education company and unicorn Pluralsight lays off 400 employees</a>

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Tata Motors Q4 consolidated net profit jumps over 3-fold at ₹17,528.59 crore

PTI

Tata Motors to hike commercial vehicle prices by up to 3% from Jan 1

PTI

SUV segment to see intense competition among players: Tata Motors

PTI

Charging infra improvement can reduce range anxiety for EVs: Tata Motors MD

ANI

Tata Motors to hike prices of commercial vehicles by up to 2% from January

PTI

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