Describing the situation in 2024, Harris said the “polarized policy position” of the 1.6% quarter-on-quarter increase in revenue for the third quarter as Democrats and Republicans provided no clarity to customers by November, Due to which he was stopped. Any “major commitments in new products”.
Now there is clarity as far as the US is concerned, he said, there will be a base on which OEMs and supply chains will invest.
“It will probably mean a commitment to a more balanced portfolio of propulsion systems. But for Tata Technologies, this plays into our strengths because not only do we have very strong capabilities in EVs, but we can also provide. “Support for plug-in hybrid systems and continuing to work with our customers to help them adapt and then prove out legacy internal combustion engines,” Harris said.
“So for us, we’re relatively agnostic as far as propulsion is concerned. But we’re excited that there is now a basis on which our customers can make decisions,” he said.
Tata Technologies reported 1.6% quarter-on-quarter growth in revenue at Rs 1,317.4 crore in Q3FY25, compared to Rs 1,296.5 crore in the previous quarter. The company’s net profit increased by 7.1% to Rs 168.6 crore from Rs 157.4 crore. Explaining the situation in 2024, Harris said there is a “polarized policy situation” of 1.6% quarter-on-quarter growth in revenues. In the third quarter, Democrats and Republicans did not provide any clarity to customers until November, preventing them from making “major commitments into new products”.
Now there is clarity as far as the US is concerned, he said, there will be a base on which OEMs and supply chains will invest.
“It will probably mean a commitment to a more balanced portfolio of propulsion systems. But for Tata Technologies, this plays into our strengths because not only do we have very strong capabilities in EVs, but we can also provide. “Support for plug-in hybrid systems and continuing to work with our customers to help them adapt and then prove out legacy internal combustion engines,” Harris said.
(TagstoTranslate)Tata Technologies Limited
