Tata Motors reported a consolidated net loss of 1,033 rupees for the 4th quarter of 2222 against a loss of 7,605 rupees for the same period last year. The company’s revenue also fell 11.5 per cent to 78,439 rupees over the same period against 88,628 rupees recorded in the 21st quarter of 2021.
Girish Wag, executive director, said: “The resume sector, which has been hit hard for two years in a row, has shown promising signs of growth in fiscal year 22, supported by sustained economic recovery, industrial activity growth and market recovery. At Tata Motors, the early adoption of a holistic “business agility plan” has enabled us to protect and serve the interests of our customers, dealers and suppliers, and intelligently manage supply-side issues, including a global shortage of critical electronic components.
“Improving consumer sentiment, revitalizing e-business, raising freight tariffs, opening schools and offices, and increasing infrastructure spending on road construction and mining have helped restore demand. We have optimized production, introduced new solutions for passenger and freight mobility, and accelerated sales to grow quarterly and gain higher market share in each commercial vehicle segment. Looking ahead, we see significant opportunities to take advantage of the megatrends that are shaping the Indian automotive industry. We are closely monitoring geopolitical developments, fuel inflation and semiconductor shortages and remain optimistic, continuing to work closely with our customers and the ecosystem. ”
Tata Passenger Transport (in the fourth quarter of 2222 the business made a full turnaround with the highest quarterly revenue of Rs 10,500 crore (up 62 per cent), EV volumes rose to 9,100 units in the fourth quarter and the photovoltaic market share rose to 13.4 per cent .
Dad CV the business continued to demonstrate a strong consistent recovery led by the MHCV segment.
The business received the highest quarterly revenue since the 4th quarter of 2019 and increased market share in all segments, with revenues in the 4th quarter of Rs 185.00 crore (+29 percent compared to 2019 and +34 percent for the quarter).
The company said the resume industry is poised for further growth amid increased activity in road construction, mining and improved infrastructure spending.
The supply situation continues to improve gradually. Despite the uncertainty, business sentiment remains positive with increasing fleet and freight rates. Rapid commodity inflation, however, remains a problem. The company said it would continue to increase its investment in products and new business models to deliver value to customers while delivering profitable growth. Despite short-term supply problems and inflation concerns, the business is committed to achieving a strong recovery in margins and profitability in fiscal year 23.
Jaguar Land Rover revenue was £ 4.8bn in Q4 2222, up 1 per cent from Q3 2222, reflecting wholesale growth, partly offset by the overclocking effects of the previous-generation Range Rover, with the new Range Rover still growing. EBIT margin for the quarter was 2 percent with pre-tax profit near break-even (£ 9 million) before the exclusive collection (£ 43 million) for businesses in Russia.
Wholesale sales (excluding joint ventures in China) in the 4th quarter were 76,526 units, up 11 percent from the 3rd quarter of 2222 with higher production volumes. Retail sales in the 4th quarter were 79,008 vehicles, down 1% from Q3 2222 as a result of limited wholesale sales and low dealer inventories, while the combination of electrified retail sales (BEV, PHEV and MHEV) increased to 66 percent for the full year compared to 51 percent the previous year. Wholesale sales for the entire 22 fing. amounted to 294,182, which is 15% less than 21 fg. Retail sales for 22 fing. amounted to 376,381, which is 14% less than 21,2021 fg.
Thierry Boehler, chief executive of Jaguar Land Rover, said: “The environment remains challenging in light of global chip shortages and other challenges. However, I am encouraged by the constant high demand of customers for our products, which is emphasized in the order book. And we continue to implement our Reimagine strategy with exciting new products such as Defender, New Range Rover and the newly announced New Range Rover Sport, while we quickly implement our plans to create a new generation of electric vehicles with our all-electric Jaguar and BEV strategy. The EMA platform for new Land Rover products. ”
Shares of Tata Motors closed 4 percent in trading on May 12, 2022.
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Tata Motors narrows its consolidated losses in the 4th quarter of 2222
While Tata Motors ’PV division achieved a turnaround, the CV division demonstrated a consistent recovery.