Tata Motors Q3 result: Consolidated revenue up 22.5% to Rs 88,488 crore

Revenue of Tata Motors in Q3FY23 rose to Rs 15,693.14 crore from Rs 12,259.02 year-on-year (YoY), up 28 per cent, the company said in a BSE filing. The consolidated revenue came in at Rs 88,488 crore, up 22.5 per cent.

The total income in the December quarter of FY23 stood at Rs 15,967.16 crore, up 27.82 per cent from Rs 12,491.52 crore YoY.

The revenue for Jaguar Land Rover (JLR) in Q3FY23 came in at £6.0 billion, up 28 per cent as against Q3 FY22 and up 15 per cent vs Q2 FY23.

Adrian Mardell, Jaguar Land Rover’s Interim Chief Executive Officer, said, “JLR has returned to profit as chip shortages eased in the quarter and production and wholesales increased. These improved results are testament to the hard work and dedication of our people across the business who have delivered a further increase in production of our New Range Rover and Range Rover Sport models. We remain committed to our Reimagine strategy which will transform JLR into an all-electric modern luxury business, whilst delivering our SBTi climate goals and striving to exceed our clients’ expectations.”