Tata introduced Tiago’s Limited Edition model trim on Saturday. Its initial price has been kept at Rs 5.79 lakh. Different features can be seen in this model. At the same time, this model is also getting tremendous response from the market.
New features have been added in the new version including black alloy wheels, reverse parking display with sensors, voice commands etc.
Vivek Srivast, head (marketing), Tata Motors Passenger Vehicle business unit, said, “The Tiago was introduced in 2016. It is a successful model of its segment and has been appreciated by all. The India phase-six version of this model was introduced in 2020. It also got a four-star safety rating. This model has received tremendous response from the market.
There was tremendous profit in the December quarter
Tata Motors has made a tremendous profit of 67 per cent in the December quarter. In fact, Tata Motors sales benefited from faster sales during the relaxation of lockdown rules. At the same time, the company’s profit increased due to increased sales during the festive season.
Due to the increase in sales during the festive season, the company’s revenue increased significantly. In this period of Corona transition, the sale of vehicles has increased due to the consideration of personal mobility.
Best performance of 33 quarters
Tata Motors said on this profit that passenger vehicle sales have achieved the biggest growth in the last 33 quarters due to the emphasis on personal mobility and the sale of vehicles in the festival season. In the last financial year (2019-20), Tata Motors had a profit of Rs 17.03 billion but in the third quarter of FY 2020-21, this profit reached Rs 29.06 billion.
Tata Motors had a loss of Rs 3.14 billion in the previous quarter due to the Corona transition. Due to Corona, Tata Motors has suffered in many important markets.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.