Tata Motors has reported a net profit of Rs 2,957.71 crore for the December 2022 quarter.
Tata Motors, the country’s leading automobile manufacturer, has released its December quarter financial results. Tata Motors has reported a net profit of Rs 2,957.71 crore for the December 2022 quarter. Tata Motors had a loss of Rs 1,516.14 crore in the December quarter of 2021.
Tata Motors has generated an operating income of Rs 88,488.59 crore for the December 2022 quarter. This is 22.51 percent higher than the December 2021 quarter. Tata Motors earned an operating income of Rs 72,229.29 crore during the quarter. Tata Motors has sold 12,600 electric vehicles in the last December quarter.
Domestic wholesale sales of passenger vehicles rose 33 percent to 1.31 lakh and domestic retail sales rose 27 percent to 1.38 lakh. Tata Motors shares were trading at Rs 419.00, down 0.73 per cent from the previous trading day at the close of trading on the Mumbai Stock Exchange on Wednesday.