# Tata Motors PV profit plunges 80% in Q1 on JLR weakness

2026-08-13T16:11:46+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets (3 source reports)

Tata Motors Passenger Vehicles reported an 80% drop in consolidated net profit for the April-June quarter, hurt by weak performance at Jaguar Land Rover and rising commodity costs. The company's India passenger vehicle business, however, saw revenue rise 65% and turned profitable before tax and exceptional items. Sources differed on the exact profit figure: auto.economictimes reported Rs 775 crore, while Livemint said Rs 859 crore. JLR's profit after tax fell 74% to £66 million, and its revenue dropped 10% to £6 billion due to supply constraints, a fire at a major component supplier, and the planned wind-down of Jaguar models. Tata Motors warned that commodity price pressure would persist through the second quarter, hitting the whole industry. The company reaffirmed its target of achieving £1.7 billion in cost savings at JLR over two years.

## Coverage

- auto.economictimes.indiatimes.com <https://auto.economictimes.indiatimes.com/news/passenger-vehicle/tata-motors-pv-q1-net-profit-plunges-80-to-775-crore/133209968>
- livemint.com <https://www.livemint.com/companies/company-results/tata-motors-pv-profit-plunges-79-as-jlr-weighs-on-india-gains-11786631718591.html>
- livemint.com (2) <https://www.livemint.com/companies/tata-motors-reassures-investors-after-n-chandrasekarans-exit-we-will-remain-fully-focused-11786636442489.html>

This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources. Last updated 2026-09-27T06:13:05+00:00.

Tags: auto industry, JLR, profit decline, Q1 earnings, Tata Motors
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