New Delhi, February 2: Tata Motors on Friday announced a more than two-fold increase in its consolidated net profit at Rs 7,025 crore for the October-December quarter of the current financial year driven by strong sales in its UK luxury car unit Jaguar Land Rover (JLR). Volkswagen To Launch Entry-Level EVs for Indian Market Starting From 2024, Company Reveals Its Plans During Bharat Mobility Global Expo Event: Report.

The company had recorded a net profit of Rs 2,958 crore in the same quarter of the previous fiscal. JLR's sales rose 27 per cent in the global market in the third quarter, accounting for two-third of the revenue. Skoda Enyaq iV Unveiled at Bharat Mobility Global Expo 2024; Likely To Debut Soon in India: Check Expected Price, Specifications and Features.

"It is satisfying to see our businesses execute well on their differentiated strategies and deliver a strong set of results for the quarter, thereby making it six quarters of consistent delivery. We aim to end the year on a strong footing and remain confident of sustaining our performance in the coming quarters and delivering on our de-leveraging plans,'' said P.B. Balaji, Group Chief Financial Officer, Tata Motors.

(The above story first appeared on LatestLY on Feb 02, 2024 07:09 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website