New Delhi, August 10, 2017: Leading vehicles maker Tata Motors today reported an increase of 41.59 per cent in its consolidated net profit to Rs 3200 crore for the quarter ended on June 30, 2017 against Rs 2260 crore in the same quarter previous fiscal.
However, the company’s consolidated revenue saw a dip of 9.92 per cent to Rs 2551 crore as compared to Rs 3737 crore in the same quarter last year due to due to translation impact from British Pound to Indian currency.
Guenter Butschek, MD and CEO Tata Motors said, “While the first quarter results have not met our expectations, we are working with renewed focus and energy to improve performance of our Commercial and Passenger Vehicle businesses. Our focus on topline, market share growth, major cost reduction initiatives and efficiency improvements have been significantly enhanced and accelerated in the last few months.”
