Tata Motors Consolidated Q3 FY21 Results II Strong all-round performance
Tata Motors Indian operations continued its strong growth in the quarter with CV witnessing a sequential recovery and PV witnessing continued strong growth. PV absolute EBITDA is the highest in the last 10 quarters. CV profitability improved sequentially due to better mix (higher MHCV & ILCVs) and ongoing cost savings. Business generated strong positive free cash flows led by the cash savings initiatives.
Tata Motors remain committed to consistent, competitive, cash accretive growth and deleverage the business through focused execution of company's strategy in all businesses: Reuters