Tata Motors reported a lower-than-expected 62% drop in standalone net profit for the second quarter, primarily due to reduced sales in passenger and commercial vehicles. Supply chain issues, including aluminum shortages for Jaguar Land Rover, and a slowdown in infrastructure projects impacted performance. Despite this, the company anticipates improved results in the second half of the fiscal year, driven by easing supply constraints and a resurgence in demand.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.