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Tata Motors’ Q4 PAT jumps over three-fold; FY24 profit and sales at all-time high

Tata Motors’ Q4 PAT jumps over three-fold; FY24 profit and sales at all-time high

Kiran Murali     calendar10 May 2024

The fourth quarter net profit of around Rs 17,000 crore was boosted by a deferred tax write-back of Rs 9,478 crore. Profit for the financial year 2024 was around Rs 31,400 crore with operating profit almost doubling.

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Mahindra & Mahindra signs MoU with Ministry of Skill Development and Entrepreneurship for Drone Didi Yojana News
Mahindra & Mahindra signs MoU with Ministry of Skill Development and Entrepreneurship for Drone Didi Yojana

autherAutocar Professional Bureau calendar10 May 2024

Launched earlier this year, the scheme aims to train 15,000 women to operate drones for agricultural purposes such as ...

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Bajaj Auto's green machines to fuel Flipkart's sustainable deliveries News
Bajaj Auto's green machines to fuel Flipkart's sustainable deliveries

autherAutocar Professional Bureau calendar10 May 2024

As a part of this partnership, Bajaj Auto will provide 1000+ electric cargo vehicles over two years to Flipkart.

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Tata Motors' India operations turn debt-free after record year News
Tata Motors' India operations turn debt-free after record year

autherAutocar Professional Bureau calendar10 May 2024

The India business is now debt free, and we are on track to become net automotive debt free on a consolidated basis in...

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Sonalika Tractors clocks 11,656 unit sales in April, buoyed by market share gains and monsoon hopes News
Sonalika Tractors clocks 11,656 unit sales in April, buoyed by market share gains and monsoon hopes

autherAutocar Professional Bureau calendar10 May 2024

The company expressed optimism for the upcoming year, citing a weakening El Nino effect and predictions of above-norma...

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Ola patents three new electric bike designs News
Ola patents three new electric bike designs

By Dinshaw Magol, Autocar India calendar10 May 2024

Practical Ola e-bike has twin rear shocks, hub-mounted motor.

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SAIC Motor to invest up to USD 2 billion in India by decade-end, says top executive News
SAIC Motor to invest up to USD 2 billion in India by decade-end, says top executive

By Ketan Thakkar calendar09 May 2024

China’s largest car maker eyes annual volumes of 1 million units along with its JV partner JSW Group and plans to brin...

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FY25 likely to be an exciting year for new launches for TVS: CEO News
FY25 likely to be an exciting year for new launches for TVS: CEO

autherAutocar Professional Bureau calendar09 May 2024

Given the robust line-up of launches, the company has lined up a capex of Rs 1,000 crore for this fiscal. 

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Electric two-wheeler sales dip in April, other segments surge News
Electric two-wheeler sales dip in April, other segments surge

autherAutocar Professional Bureau calendar09 May 2024

Deliveries fell 2.63% to 65,111 units, down from 66,873 units a year earlier. This comes amid concerns over reduced go...

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Escorts Kubota FY24 earnings: Construction boom lifts profits News
Escorts Kubota FY24 earnings: Construction boom lifts profits

By Shahkar Abidi calendar09 May 2024

The company's construction equipment segment was a bright spot, with volumes surging 42.2% YoY to 6,548 units in FY24....

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Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

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