Rising demand, better chip supplies powering TaMo's ride out of losses

Growing global and domestic demand, better semiconductor chip supplies, and softening commodity prices are powering the automotive manufacturer's ride out of losses

After seven tough quarters, Tata Motors is back on the road to profitability with the opening of global markets after the Covid-19 pandemic, an improvement in the supply of semiconductor chips, softening commodity prices, a revamp of the brand identity, and the launch of a series of successful products.

The company posted its first net profit after seven quarters of Rs 3,043 crore in the third quarter of 2022-23 (Q3FY23) against a net loss of Rs 1,451 crore in Q3 of FY22. About 67 per cent of Tata Motors’ revenues comes from its subsidiary Jaguar Land Rover (JLR) that is