Tata Motors Passenger Vehicles posted a consolidated net loss of ₹5,451 crore for the second quarter of the fiscal year ending March 2027, according to The Hindu BusinessLine. This figure contrasts sharply with the ₹76,248 crore profit recorded in the same period last year. The previous year’s result was heavily inflated by an exceptional one-time accounting gain of ₹82,616 crore following the demerger of its commercial vehicles division. Excluding that specific gain, the loss in the prior year’s quarter would have been ₹6,368 crore, the report noted.
The current quarter’s financial deficit was primarily caused by restructuring expenses at Jaguar Land Rover. Dhiman Gupta, the chief financial officer, explained that the company recognized approximately ₹6,700 crore in exceptional charges. These costs cover separation expenses and write-downs of intangible assets under development. Gupta stated these measures were necessary to position the business for stronger long-term performance, describing them as difficult but essential actions for the UK-based subsidiary.
Operational metrics, however, demonstrated significant strength. Revenue increased by 34% to reach ₹96,340 crore, up from ₹71,714 crore in the year-ago period, The Hindu BusinessLine reported. Shailesh Chandra, the managing director and chief executive officer, highlighted record quarterly sales of 200,000 units. This volume represented a 40% year-on-year increase, reflecting robust customer demand. The company also maintained its leadership in electric mobility, with EV sales growing by 90% year-on-year.
The automaker offset roughly 40% of commodity cost impacts through price hikes and cost-reduction initiatives, absorbing the rest in its profit and loss account. Commodity pressures from steel, rubber, and copper are expected to continue into the third quarter. Chandra indicated that profitability should remain stable in Q3, with potential improvement in Q4. Management anticipates double-digit growth of 12-13% for the full fiscal year, even as JLR has lowered its adjusted EBIT margin guidance to 2-3%.