Tata Motors set for second successive quarter of standalone profit

Performance driven by double digit growth in both commercial and passenger vehicle segments

Automobile major Tata Motors is projected to post a standalone profit in the quarter ended March 31, 2018. This could be the second consecutive quarter of standalone profit for the company after five successive loss-making quarters, marking a turnaround of sorts.

The company’s standalone (domestic) business gets over two-thirds of revenue from commercial vehicles and the rest comes from passenger vehicles. Both the segments have been growing at a double digit for the company in recent months. 

It reported a standalone profit of Rs 1.83 billion in October-December of FY18 against losses of Rs 10.46 billion in the corresponding quarter