Tata Motors , India's largest automaker by revenue, reported a better-than-expected profit on Tuesday, helped by strong demand for cars in its luxury Jaguar Land Rover (JLR) segment.
, India's largest automaker by revenue, reported a better-than-expected profit on Tuesday, helped by strong demand for cars in its luxury Jaguar Land Rover segment.
at the JLR unit drove up the UK-based automaker's free cash flow to 451 million pounds - a record for any first quarter, according to the company. The turnaround in JLR's profitability and cash flow comes after years of reporting losses due to supply chain issues and a strict COVID-19 lockdown in its key market of China, which hurt production.
However, second-quarter production and cashflow at JLR is expected to be lower than the first due to an annual summer plant shutdown.
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