{"id":171221,"date":"2024-11-09T02:19:35","date_gmt":"2024-11-09T02:19:35","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/09\/tata-motors-profit-drops-10-to-rs3450cr-on-weak-demand-times-of-india\/"},"modified":"2024-11-09T02:19:35","modified_gmt":"2024-11-09T02:19:35","slug":"tata-motors-profit-drops-10-to-rs3450cr-on-weak-demand-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/09\/tata-motors-profit-drops-10-to-rs3450cr-on-weak-demand-times-of-india\/","title":{"rendered":"Tata Motors profit drops 10% to Rs3,450cr on weak demand &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/msid-115100361,imgsize-608119,width-400,resizemode-4\/115100361.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Tata Motors profit drops 10% to Rs3,450cr on weak demand &#8211; Times of India\" title=\"Tata Motors profit drops 10% to Rs3,450cr on weak demand &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>MUMBAI: Tata Motors recorded an about 10% decline in its Q2 FY25 profit to Rs 3,450 crore, which was much lower than the Street&#8217;s estimates of Rs 5,038 crore. Revenue also decreased by 3% to a little over Rs 1 lakh crore. Operating profit, a measure of underlying business performance, also dropped by about 20% to Rs 5,799 crore. Expenses fell by 3% to Rs 97,330 crore. <br \/>Operating profit of its UK unit Jaguar Land Rover declined by about 16% to Rs 4,521 crore. The JLR business was impacted by <!-- -->aluminium supply constraints<!-- --> and a hold placed on 6,029 vehicles for quality control checks. Operating profit of non-JLR vehicles such as Tata and other brands of passenger cars fell by about 90% to Rs 25 crore in Q2 FY25. This unit was affected by slow consumer demand and seasonal factors. <br \/>The operating profit of Tata commercial vehicles declined by 16% to Rs 1,354 crore. The commercial vehicle business was impacted by a slowdown in infrastructure project execution, reduction in mining activity, and an overall drop in fleet utilisation due to heavy rains. <br \/>Tata Motors&#8217; management is hopeful for the festive season, substantial investments in infrastructure and an easing of supply challenges to improve its performance. <\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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Revenue also decreased by 3% to a little over Rs 1 lakh crore. Operating profit, a measure of underlying business performance, also dropped by about 20% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":171222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-115100361,imgsize-608119,width-400,resizemode-4\/115100361.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[133199,289,133198,189,4942,133197,273,133196,11609,498,133195,133200,6097,133194,272,2934],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/171221"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=171221"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/171221\/revisions"}],"predecessor-version":[{"id":171223,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/171221\/revisions\/171223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/171222"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=171221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=171221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=171221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}