Tata Motors is embracing changes from a strong position, despite global geo-political issues and military conflicts. Central banks’ coordinated actions have moderated inflation, but absolute price levels remain high. The economic scenario is expected to stabilize, with global growth estimated at around 3% in the next few years.
The Chairman of Tata Motors, in his speech at the 79th AGM, expressed confidence in the company’s ability to embrace structural shifts such as the energy transition to green mobility, supply chain rebalancing for resilience, and digital acceleration with the rise of Artificial Intelligence and Machine Learning. These changes are expected to continue evolving the company’s position.
Tata Motors has delivered an excellent performance in FY24, with the company focusing on its three businesses – Commercial Vehicles (CV), Passenger Vehicles (PV), and JLR. The company has improved performance across metrics such as brand health, customer experience, financial, product innovation, and employee engagement. The total vehicle sales increased 7.4% YoY to over 13.8 lakh units, with revenues of Rs. 437.9K Cr, EBITDA of Rs. 62.8K Cr, and net profit of Rs.31.8K Cr (+Rs.29.1K Cr over the previous year). The India automotive business is now debt-free, and the company is on track to make JLR debt-free in FY25.
