Tata Motors Q1 profit surges 83% to ₹2,556 crore

Tata Motors is a big company in India that makes trucks and other commercial vehicles.

The company told people how much money it made in the first three months of its new financial year.

It made a lot more profit than last year, as its profit jumped by 83%.

Some of that profit came from money the company invested in another business called Tata Capital.

Even without that, the company still earned more money than before.

People bought lots of Tata Motors trucks, so the company sold more vehicles.

Prices for materials and fuel went up, so Tata Motors had to charge customers a little more.

The company is also trying to buy another truck company called Iveco from Europe.

It is waiting for permission from France to finish the deal.

Even though times were tough, Tata Motors did very well this quarter.