Reported about 9 hours ago
Tata Motors reported a steep 62% drop in its net profit for Q1 FY2026, with profits at Rs40.03bn ($456m) compared to Rs105.87bn ($1.2bn) in the same period last year. The decline is attributed to reduced demand and new US trade tariffs, affecting Jaguar Land Rover (JLR) which saw a 9.2% revenue decrease. In response, Tata Motors is focusing on brand strength and business fundamentals to navigate these challenges and intends to enhance performance as market conditions improve.
Source: YAHOO