After getting listed earlier this week, Tata Motors for the first time reported its quarterly financial performance for the September quarter. Its reported profits were adversely impacted by mark to market loss of Rs 2,026 crore on account of recently listed Tata Capital leading to a loss of Rs 552 crore and net loss of Rs 868 crore. Excluding this item its profit before tax stood at Rs 1,474 crore.

Girish Wagh, Tata Motors managing director and CEO, explains below the advantages of demerging the commercial vehicles business from passenger vehicles while providing an update on the buyout of Italy’s truck maker Iveco. Edited excerpts:

What change has the GST rate reduction brought to demand?

The reduction in GST has called for higher freight movement through roads. This will cascade to

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