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TaMo Group to power up FY2025 on luxury segment demand
The Business Guardian
|May 12, 2024
With record revenues on a consolidated basis, both for the fourth quarter ended 31 March Q4 and financial year 202324 that saw the Tata Motors Group deliver its highest ever revenues, profits, and free cash flows, the automobile major is confident of delivering a strong performance in FY25 even as it remains cautiously optimistic on domestic demand over the full year FY2025 and expects the first half of the fiscal to be relatively weaker.
What offers reason for this optimism is, according to Group Chief Financial Officer PB Balaji, that the India business is now debt free, and the group is on track to become net automotive debt free on a consolidated basis in FY25. “The businesses are executing well on their distinct strategies and therefore, we are confident of sustaining this strong performance in the coming years,” says Balaji.
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