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Tata motors vs mahindra & Mahindra vs maruti suzuki

Value Investing

Tata Motors, Mahindra & Mahindra, and Maruti Suzuki represent varied facets of India’s automotive industry, each with unique strengths and strategies. Tata Motors is innovating for the future with a focus on EVs, Mahindra leverages its stronghold in the utility and agriculture sectors, while Maruti Suzuki dominates the passenger vehicle market. Investors and customers alike closely watch these companies as they evolve and adapt to changing industry dynamics and consumer preferences.

Tata Motors Q3 FY24 results

Before Market Opens

Tata Motors reported a remarkable performance in Q3 FY24, with its consolidated net profit more than doubling to Rs 7,025 crore, far exceeding analyst expectations. The company’s revenue also saw a significant increase of 25% year-on-year, reaching Rs 1.11 lakh crore. The impressive results were driven by strong sales in the Jaguar Land Rover (JLR) segment, which recorded its highest quarterly profit since Q4 FY17 and a 22% increase in revenue compared to Q3 FY23. Following the announcement, Tata Motors’ shares surged over 7% to a record high of Rs 950, with major brokerages upgrading their outlook and target prices for the stock.

Tata Motors Q3 FY24 Profits Soar, Shares Hit Record High Amid Strong Performance

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