TTM - Tata Motors Limited (TTM) Q3 2024 Earnings Call Transcript
2024-02-02 17:04:04 ET
Tata Motors Limited (TTM)
Q3 2024 Earnings Conference Call
February 02, 2024, 08:00 AM ET
Company Participants
P.B. Balaji - Group Chief Financial Officer
Girish Wagh - Executive Director
Shailesh Chandra - Managing Director, Tata Motors Passenger Vehicles Ltd., & Tata Passenger Electric Mobility Ltd.
Adrian Mardell - Chief Executive Officer, Jaguar Land Rover
Richard Molyneux - Chief Financial Officer, Jaguar Land Rover
Bennett Birgbauer - Treasurer, Jaguar Land Rover
Conference Call Participants
Presentation
Operator
Good day, and welcome to Tata Motors Q3 FY '24 Earnings Call. With me today are P.B. Balaji, Group CFO, Tata Motors; Mr. Girish Wagh, Executive Director Tata Motors; Mr. Shailesh Chandra, MD Tata Mota Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited; Mr. Adrian Mardell, CEO of Jaguar Land Rover; Mr. Richard Molyneux, CFO Jaguar Land Rover; and my colleagues from the Investor Relations team.
Today, we plan to walk you through the results presentation followed by Q&A. As a reminder, all participant lines will be in listen-only mode and we will be taking questions via the Team's platform, which is already open to you submit your questions. You are requested to mention your name and the name of your organization while submitting the question.
I now hand over to Balaji to take this forward. Over to you, sir.
P.B. Balaji
Thanks, Anish. Firstly, welcome all of you for the earnings call. Once again, it's our pleasure to take you through the results of the quarter. I forgot to leave one message with you as to how we see this quarter. We see this as one of consistent delivery six quarters in a row, and that gives us tremendous satisfaction that we are executing on our strategies in all our businesses. So that's probably the broad message I want to leave you with. Let's get into the details. Can I have the next slide, please?
Safe Harbor Statement, standard, nothing delta here. I think from a product offensive as well as other interventions, it continues to be an intense piece of action for us. We had almost 150 launches happening from the commercial vehicle side, multiple VCs. Very happy to say that the plant that we acquired from Ford, which we are calling Sanand2, has commenced production. In fact, we sold 900 vehicles out of Sanand this particular month. So coming through very nicely and done in a record one year of time period.
We also introduced Plants EV on the advanced pure EV architecture, which I'm sure Shailesh would talk about in his section as well as in Q&A that may come. And from our focus completely on building out the EV ecosystem, signed MOUs for almost 17,000 public charges and also started with the first dedicated EV showrooms in India. On JLR side, the exciting Range Rover Electric has opened. We teased it earlier in the quarter and almost 16,000 clients have signed up in the first 28 days. And we decided that Nitra will produce electric vehicles by 2030. And Defender, of course, continues to win accolades across the board with a new set of awards on Vodka, seeing the car of the year there....
Tata Motors Limited (TTM) Q3 2024 Earnings Call Transcript