Tata Motors reported a 22% YoY decline in Q3 profit to Rs 5,451 crore, missing projections. However, revenues rose 3% YoY to Rs 1.13 lakh crore, driven by easing supply challenges. JLR saw record Q3 revenue and highest EBIT margin in a decade, but future expectations remain cautious due to potential demand and supply issues.
PLI 2.0 for mobiles set to reward scale, exports; Dixon a key beneficiary: Motilal Oswal
The government’s new mobile phone manufacturing incentive scheme is set to favour companies with scale, export capabilities and strong domestic supply chains. Motilal Oswal said