Tata Motors
Tata Motors in trouble? PV shares fall 7 percent as JLR posts steep quarterly decline
Mumbai/IBNS: The shares of Tata Motors Passenger Vehicles (TMPV) Ltd. on Monday tanked by a major margin after its luxury arm Jaguar Land Rover (JLR) reported a sharp decline in its quarterly financial performance, media reports said.
The shares declined by 7.27% to Rs. 363.15.
In the September quarter, JLR reported a 24.3% year-on-year decrease in revenue in Q2 of FY 2025-26.
JLR, which is the major source of Tata Motors' profits, is going through a decline in the demands of its premium cars in China and component shortages.
The production was halted for five weeks after a cyberattack.
The revenue from operations fell around 13–14 percent year-on-year to about Rs. 72,300 crore.
Excluding the exceptional gain, the business would have recorded a loss of roughly Rs. 6,368 crore.
In its domestic India PV business, standalone revenue rose 6 percent to Rs. 12,751 crore, but EBITDA fell sharply to Rs. 303 crore and margin compressed to 2.4%.
The JLR segment recorded a 24.3% drop in revenue, took a £485 million loss before tax and exceptional items, and cut its full-year EBIT margin guidance to 0-2 percent (from 5-7 percent).
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
