In the financial year 2024, the Tata Motors domestic business is now debt-free. In the financial year ending of 2024, the Tata Group has delivered its highest revenue, profits, and free cash flows. In the Financial Year 2023, Tata Motor’s Indian business had a net debt of Rs 6,200 crore, which is the lowest in the last 15 years. In 2024, Tata Motors earned a net profit of 31,806.75 crore. Revenue from operations stood at rupees 4,37,927.77 crore.
Tata Motors Q4 FY24 Financial Results at INR 120.0K Cr.
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— Tata Motors (@TataMotors) May 10, 2024
Last year, reports came in the media about Tata Motors that they target to deliver positive cash flows and net zero debt by FY25. During a conference call, PB Balaji, Group Chief Financial Officer of Tata Motors said, “The India business is now debt free, and we are on track to become net automotive debt on a consolidated basis in FY25. The business is executing well on their distinct strategies and therefore we are confident of sustaining this strong performance in the coming year.”
At Tata Motors, we’re committed to harnessing technology for the betterment of human lives. This National Technology Day, we celebrate our journey towards driving progress – one breakthrough at a time. #NationalTechnologyDay #Innovation #EmpoweringInnovation #TataMotors… pic.twitter.com/nHRrExTflq
— Tata Motors (@TataMotors) May 11, 2024
Tata Motors offers petrol, CNG, and Electronic Vehicles and expects faster growth in the upcoming launches. Tata Motor can launch a curve EV in a few months. Nexon has partnered with various charge point operators. In FY24, the automaker had missed out on the target (1 lakh units) of selling electric vehicles but in FY25: it definitely wants to exceed the 1 lakh units and is confident of doing so
Episode 3 of #MotorMentorsSeason3 is now live!
Mentor Balaje Rajan walks us through India’s rapidly growing charging network. EV charging is now even more convenient and seamless than traditional refuelling.Watch now: https://t.co/cdBkzUoib7#EV #EVCharging #EVAdoption… pic.twitter.com/MJQOmU7jV8
— Tata Motors (@TataMotors) April 25, 2024
Commercial vehicles are concerned, Tata Motors expects GDP growth and increased incentives to improve productivity not only in manufacturing sectors but also in agriculture. According to Girish Wagh, Executive Director, Tata Motors, “Indian CV industry grew by a modest 2% in volumes during FY24, impacted by a high base effect on FY25, elections held across 5 states and the announcement of general elections”.
Author: Anushka Jaiswal
Anushka Jaiswal is pursuing a degree in journalism and Mass Communication. I am more interested in listening to the podcast rather than reading books. My hobbies include listening to music, journaling philosophical thoughts. From my school days I have taken a keen interest in debate competitions whether it is English or Hindi. I am not much indulged in the sports but I remain active in some of the co curricular activities like cycling, swimming, running, jogging and the like.
