Tata Motors Q1 profit slumps to ₹3,924 crore as JLR revenue drops on US tariffs; PV and CV sales decline; demerger on track with effective date set for 1 October
Tata Motors Q1 results: Profit plunges 63% to ₹4,003 cr, revenue down 2.5%
Rare earth magnets shortage issue has had no impact on production of Tata Motors and JLR's electric vehicles and is unlikely to affect in the foreseeable future, although there are a few challenges in the coming quarters, Tata Motors Group CFO P B Balaji said on Friday. In an earnings call, he said teams are working to sort out the problem and the company is continuing to de-risk itself, and is confident of de-risking itself completely. "Absolutely no impact on production so far, as far as rare earth are concerned, nothing in the foreseeable future," Balaji asserted when asked if the company adjusted production due to the shortage of rare earth magnets. He further said, "The semiconductor crisis has given us enough learnings and abilities to actually manage challenges of this sort. So at this point in time, we do not see stress in the domestic business as well as JLR and a lot of interventions put in place to ensure that we keep this pace." While the company also does not see any .
Q1 FY26 company results, August 8: Ceigall India, Akums Drugs, Cholamandalam Financial Holdings, and Lemon Tree Hotels will also release their April-June quarter earnings reports today
Analysts at Nuvama noted that the revenue is expected to decline Y-o-Y, led by volume drops across India PV/CV and JLR businesses.
Nifty PSU Bank, Nifty Private Bank and Nifty Bank index have outperformed the market,down in the range of 0.09 per cent to 0.25 per cent.
Balaji's rise to the top spot at JLR as its CEO comes at a time when the company is in a transition phase, lining up plans for more electric vehicles
Last week, a spokesperson for JLR said Mardell would step down after being at the helm for three years
Volume and revenue dips mar Q1, but rural traction and export gains keep automaker from sliding off course
Both global and local banks are considering joining the facility and the deal is expected to be completed by April 2026, pending regulatory approvals
Iveco gets India entry while Tata gains Latin American access
The company is raising 3.8 billion euros to fund the acquisition with about a third of the same being funded by equity and the company will raise debt for the rest
TaMo plans to tap into premium customer segments and cohorts of Iveco which complements its current positioning
Bharat Forge and Samvardhana Motherson International shares fell over 3 per cent each after Trump imposed a 25 per cent tariff
Proposed $4.5 billion acquisition may open mature markets for Tata Motors' CV business but raises concerns about duplication and pressure on financials
The acquisition will create a €22 billion global CV giant with annual volumes of 540,000 units, expanding Tata's footprint into Europe and low-emission technology
Prime Minister Giorgia Meloni's government has privately signaled it would back the proposed transaction as long as Iveco's strategically important defense unit is sold to a group led by Leonardo
The Iveco deal will be Tata Motors' largest auto acquisition, surpassing its $2.3 billion purchase of Jaguar Land Rover in 2008
At 12:30 PM, Sensex was trading at 82,570.47 level, up by 384 points or 0.47 per cent
India's Tata Motors has approached Exor, the Agnellis' investment company, over its controlling stake in Iveco Group, two of the sources said. A sale would not include Iveco's IDV defence business