Shares of Tata Motors’ passenger-vehicle (PV) business fell around 7% even though the company reported a huge year-on-year profit increase of 2,110% for the September quarter.
The big profit came mostly from a one-time gain of about ₹82,616 crore. Without this, the PV business actually made a loss of around ₹6,368 crore. Revenue also fell by about 13% year-on-year.
Jaguar Land Rover (JLR), the luxury car arm, faced a cyber-attack that temporarily halted production and weak global demand. It posted a loss of £559 million and cut its margin forecast for FY26 to 0–2% from 5–7%. JLR also expects negative cash flow of up to £2.5 billion.
Analysts say the Indian PV business is stable and improving, but the problems at JLR are worrying investors. As a result, brokers have downgraded the PV business stock to “Reduce” or “Sell.”
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