Tata Motors PV hit by first revenue dip in 5 years as JLR absorbs $1.1B tariff and cyber blow
FY26 revenue fell 8% to ₹3.35 trillion with an operating loss of ₹1,377 crore as JLR volumes dropped 23% to 308,000 units under US tariff pressure ($808M) and a cyberattack ($350M). Domestic PV sales offset partially, rising 15% to 640,000 units; standalone revenue up 17% to ₹57,859 crore.
Tata Motors PV posted first revenue dip in five years and operating loss in FY26 as JLR faced $1.1bn hit from US tariffs and cyberattack. Domestic PV business grew 15% to 640,000 units, India's third-largest PV maker.