Tata Motors hopeful of JLR returning to profitability soon

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The statement comes within days of the company reporting a massive Rs 1,864 crore net loss in the June quarter.

Tata Moltors today said it aims to deliver profits both at British marquee arm JLR as well as the domestic business even as it remained silent on the future of the small car Nano that has been facing headwinds for long.

The statement comes within days of the company reporting a massive Rs 1,864 crore net loss in the June quarter. The loss was at its till-now-cash-cow JLR, while the loss-making domestic unit reported a massive turnaround with Rs 1880 crore in net income.

“For the past many years JLR has been profitable while the domestic has not been. Attempts are on to make both the businesses profitable. We think we are on our way. Hopefully we will do it this year itself,” Tata Motors chairman N Chandrasekaran told shareholders at the 73rd AGM this evening.

The domestic arm has successfully turned around with both the passenger and commercial vehicles verticals posting better volume, margins and increased market share.

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