India's Tata Motors Passenger Vehicles posts quarterly profit fall as JLR weighs
May 14 (Reuters) - Indian carmaker Tata Motors Passenger Vehicles posted lower fourth-quarter profit on Thursday as its luxury JLR unit grappled with U.S. tariffs and recovery from a cyber incident, while higher raw material costs hurt margins.
The Range Rover SUV manufacturer posted a profit of 57.83 billion rupees ($603.89 million) for the quarter ended March 31, against 84.7 billion rupees a year earlier.
JLR, Britain's largest carmaker, accounts for up to 80% of its parent's revenue, with the domestic business forming the remainder.
Over the past year, the Range Rover manufacturer has contended with challenges ranging from uncertainty around global trade policy to a cyber attack that halted production, and most recently, a fire at one of its suppliers.
Tata Motors Passenger Vehicles houses the Tata Group's Indian carmaking business and luxury unit JLR with significant production in Britain. In November, the company spun off its commercial vehicle business into a separately listed entity.
The company's total expenses rose nearly 12% to 1 trillion rupees.
Quarterly revenue, meanwhile, was 7.2% to 1.05 trillion rupees.
($1 = 95.7625 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala and Nivedita Bhattacharjee)
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