Tata Motors profit drops 10% to Rs3,450cr on weak demand

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Times of India 6d ago

Tata Motors profit drops 10% to Rs3,450cr on weak demand - Times of India

Quick Summary:

Tata Motors' Q2 FY25 profit dropped by 10% to Rs 3,450 crore, falling short of analysts' projections.

This decline was driven by a 20% decrease in operating profit, impacted by aluminium supply issues and quality control holds at Jaguar Land Rover, along with sluggish demand in the commercial and passenger vehicle segments.

The JLR business was impacted by aluminium supply constraints and a hold placed on 6,029 vehicles for quality control checks.