Tata Motors PV Swings To ₹5,531 Crore Q2 Loss, JLR Restructuring Weighs
Mumbai: Tata Motors Passenger Vehicles swung to a consolidated net loss of Rs 5,531 crore in the July–September quarter of FY27, against a profit of Rs 76,170 crore a year earlier. The company reported an exceptional charge of Rs 6,738 crore in its stock exchange filing. Revenue climbs Consolidated revenue rose 34 percent to Rs 96,920 crore from Rs 72,349 crore in the corresponding quarter last…
Tata Motors Passenger Vehicles reported a consolidated net loss of ₹5,531 crore for the July–September quarter of FY27, marking a significant shift from the profit of ₹76,170 crore in the same period last year. The company's exceptional loss of ₹6,738 crore played a crucial role in the decline, while its revenue saw a 34% increase to ₹96,920 crore, driven by its domestic business and despite the restructuring efforts of its British luxury carmaker, Jaguar Land Rover (JLR).
The rise in revenue was attributed to strong domestic sales, while JLR faced challenges in individual markets and the phase-out of previous Jaguar models. CFO Dhiman Gupta stated that JLR is recovering from a cyberattack that disrupted production and sales last year, and the company is focusing on new vehicle launches, cost reductions, and improved cash generation to guide its medium-term strategy.
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