Economy · India
Tata Motors PV Q1 Profit Drops Amidst JLR Weakness and Costs
Tata Motors' Passenger Vehicle (PV) division reported an 80% year-on-year drop in profit after tax (PAT) for the first quarter. This decline is attributed to weaker performance from Jaguar Land Rover (JLR) volumes and increased commodity costs. The company's shares also saw a nearly 6% fall, with brokerages expressing divided opinions on the outlook.
How outlets across the spectrum covered it
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- Centre (2): Business Standard, The Hindu BusinessLine