Overview
- Tata Motors’ listed commercial-vehicles arm reported a consolidated net loss of Rs 867 crore on revenue of Rs 18,585 crore, with about Rs 2,026 crore in mark-to-market losses tied to Tata Capital weighing on results.
- Eicher Motors’ profit rose 24% to Rs 1,369 crore as Royal Enfield logged a record 327,067 quarterly sales, while VECV revenue reached Rs 6,106 crore with PAT of Rs 249 crore.
- Hero MotoCorp posted mid-teen gains with net profit at Rs 1,393 crore and revenue at Rs 12,126 crore, selling 16.91 lakh units as management credited GST 2.0 and festive demand.
- Voltas’ consolidated revenue fell 10% to Rs 2,347 crore and net profit dropped 74% to Rs 34.3 crore, with the company citing a lean summer and GST-driven purchase deferrals in cooling products.
- Tata Motors said CV wholesale volumes grew 12% year-on-year and noted progress toward completing the proposed IVECO acquisition around April next year.