Tata Motors Q4 Profit Drops 33% as JLR Earnings Collapse to £14M on Cyberattack, US Tariffs
Tata Motors net income fell ~33% to Rs 57.8 bn in Q4 as JLR pretax profit cratered from £2.5 bn to £14 mn, hit by a cyberattack, US tariffs and China weakness. India PV volumes offset partly, jumping 37% YoY to 201,800 units. JLR contributes two-thirds of group sales.
Tata Motors' Q4 net income fell ~33% to Rs 57.8 bn as JLR profit collapsed to £14 mn from cyberattack, US tariffs and China slump; India PV volumes rose 37% to 201,800 units.