Tata Motors starts work on gigafactory in UK

Tata Motors Group Chief Financial Officer P B Balaji said the company has seen some impact of the Red Sea crisis but "it is manageable at this point of time".

MUMBAI: Tata Motors said it has started working on its gigafactory in Somerset in the UK, and the financial closure for the project is underway.

At the post-earnings concall, Tata Motors Group Chief Financial Officer P B Balaji said the company has seen some impact of the Red Sea crisis but "it is manageable at this point of time".

Earlier in the day, Tata Motors posted a 133.2 per cent growth in net profit at Rs 7,100 crore in the December quarter, while the consolidated revenue rose 25 per cent year-on-year at Rs 1,10,600 crore.

Tata Motors starts work on gigafactory in UK

Myfin Desk

Summary

Tata Motors Group Chief Financial Officer P B Balaji said the company has seen some impact of the Red Sea crisis but "it is manageable at this point of time".