Tata Motors Passenger Vehicles Ltd TMPV
NSE · India · Consumer Durables
INR 279.40-4.10 (-1.45%)
Market closed· · INR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · INR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
The fall in profit came even as revenue climbed 9.3% year-on-year to Rs957.99bn, a rise achieved despite a softer showing from Jaguar Land Rover (JLR).
India business surges with 46% volume growth and record EV sales, while JLR faces headwinds from supply chain issues and China weakness.
The non-binding agreement focuses on identifying synergies between the two companies, drawing on their respective strengths.
Stellantis and JLR signed a non-binding agreement to explore US product development collaboration opportunities.
Tata Motors Passenger Vehicles Ltd (BOM:500570) reports a 7% revenue increase and 43% growth in EV sales, while navigating commodity headwinds and geopolitical risks.
The decline was mainly driven by weaker earnings at Jaguar Land Rover (JLR), tariff-related costs, and softer demand in China.
The companies operate Fiat India Automobiles Private Limited (FIAPL), a 50:50 JV.
Despite a cyber incident impacting Jaguar Land Rover, Tata Motors Passenger Vehicles Ltd (BOM:500570) achieved record domestic sales and significant market share gains.
Jaguar Land Rover has been building luxury British cars for a long time. Since, 2008, it has been owned by a company in another country that may surprise you.
Free cash flow was negative Rs83bn, driven by lower volumes resulting from the cyber-attack.
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