# Tata Motors PV shares slide 6% after Q1 net profit plunges 80%

2026-08-14T09:00:52+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Tata Motors Passenger Vehicles shares fell 6% on Friday to around Rs 329 after the company reported an 80% drop in Q1 consolidated net profit to Rs 775 crore. Revenue rose 9% to Rs 94,827 crore. The decline was driven by challenges at its British luxury unit JLR, which saw wholesale volumes fall 9.2% due to a component-supplier fire and Middle East disruptions. Elevated raw material costs also hurt margins. Domestic volumes rose 46% year-on-year and EV sales surged 112%. However, Motilal Oswal retained a 'Sell' rating with a Rs 310 target, citing margin pressure from a poor product mix and JLR headwinds. JM Financial kept an 'Add' rating with a Rs 375 target, noting the company’s pivot to North America and upcoming Jaguar and Range Rover EV launches.

## Coverage

- auto.economictimes.indiatimes.com <https://auto.economictimes.indiatimes.com/news/passenger-vehicle/tata-motors-pv-shares-fall-5-as-jlr-weakness-cost-pressures-weigh-on-q1/133230443>
- livemint.com <https://www.livemint.com/market/tata-motors-pv-shares-tumble-6-after-net-profit-drops-in-q1-analysts-stay-cautious-11786697421433.html>

Tags: auto stocks, commodity inflation, JLR, Q1 results, semiconductor shortage, Tata Motors
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