Tata Motors Passenger Vehicles reports Q2 net loss of ₹5,531 crore

Tata Motors Passenger Vehicles Ltd (TMPVL) for the second quarter ended September 30, 2026 reported consolidated loss of ₹5,531 crore as compared with net profit of ₹76,170 crore in the year ago period on account of one time exceptional charge of ₹6,738 crore and Jaguar Land Rover (JLR) restructuring.The figures are not comparable because last year the company had exceptional gains due to the demerger of the company. During the period, the company’s revenue increased to ₹96,340 crore from ₹71,414 crore in the year ago period, up 35% YoY.Also read | Tata Motors reports Q2 net of ₹1,257 crore, Iveco acquisition on track In the future global geopolitical volatilities, luxury segment demand trends, pace of EV adoption and commodity costs continue to be key monitorable, the company said.“We will continue to drive industry-beating growth for domestic business whilst improving margins through focused cost reductions and calibrated pricing actions. For JLR, near term focus areas will be to build sales momentum from new EV launches and demonstrate meaningful progress in Enterprise Missions plan. The businesses are focused on executing the long-term strategic plans,” it added.Dhiman Gupta, Chief Financial Officer, TMPVL said: “In Q2 FY27, TMPV continued to build on its strong momentum in the domestic business, while JLR delivered resilient volumes despite global market-specific challenges and wind-down of previous Jaguar models.”“However, adverse mix and persistent commodity pressures weighed on margins. Both businesses remain fundamentally strong, and we stay focused on executing our medium-term priorities: driving growth through new launches, accelerating cost reductions and improving cash generation,” he said. At JLR revenue for Q2 was £5.9 billion up 20.3% YoY. Profit before tax and exceptional items was £6 million for Q2 reflecting adverse market and model mix QoQ, but up from a loss of £(485) million and £(134) million respectively a year ago.Exceptional items of £530 million in the quarter reflect restructuring activities, including separation costs, the write down of intangible assets under development and the write down of assets, the company said.PB Balaji, Chief Executive Officer, JLR said, “JLR delivered positive operating profits in the second quarter and first half of the financial year, despite ongoing global challenges. We launched three new products: Range Rover Electric, Range Rover Sport Electric and the show-stopping Jaguar Type 01 at a world premiere in New York.”“With the proposed arrival of Range Rover GT and a new electric Defender product in the new year, we are entering a phase of exciting product launches. This, together with our growth plans for the US and disciplined execution of the Enterprise Missions to reduce our breakeven volumes to 300k units, positions us well to deliver consistent, cash-accretive growth in the coming years,” he added.On the domestic business, Shailesh Chandra, Managing Director & CEO, TMPVL said, “Q2 FY27 was another quarter of strong execution for Tata Motors PV, with record quarterly sales of over 200,000 units and industry-beating growth of 40% YoY reflecting robust customer demand across our portfolio.”“We maintained our leadership in electric mobility, recording industry-beating growth of 90% YoY in EV sales. Building on the momentum of our Q1 launches, we further strengthened our portfolio with new launches including the all-new Tata Aeris. We also unveiled our new customer-facing identity, TATA.CARS, reflecting the evolution of our brand in step with the aspirations of today’s Indian car buyer,” he said.“We registered a YoY revenue growth of 51%. While steep commodity cost pressures remained a headwind, we responded through calibrated pricing and focused cost actions. Looking ahead, we remain focused on sustaining industry-beating growth, capitalizing on growing EV-penetration, ramping up production capacity and strengthening profitability,” he added.