More Stories

Informist, Thursday, Feb. 5, 2026

 

Please click here to read all liners published on this story

--Tata Motors PV: New launches will be critical growth drivers in Q4, beyond 
--CONTEXT: Tata Motors PV mgmt's comments at post-earnings press conference 
--Tata Motors PV: Cost to acquire customers globally for JLR is rising 
--Tata Motors PV: Lost JLR production volume of around 30,000 units in Q3 
--Tata Motors PV: Will assemble JLR models at Tamil Nadu unit 
--Tata Motors PV: Working to ensure JLR net debt doesn't deteriorate further 
--Tata Motors PV: Facing input cost pressures, will up prices in coming wks 
--Tata Motors PV: Working at near-full capacity amid rise in car demand 
--Tata Motors PV: Will consider exporting cars to Europe, UK soon

 

MUMBAI – With the pressure from input costs, especially noble metal prices, continuing, Tata Motors Passenger Vehicles Ltd. expects to raise prices for its cars in the coming weeks, Managing Director and Chief Executive Officer Shailesh Chandra told a post-earnings press conference Thursday. "I think we have been facing pressure on commodity side nearly for a year now," Chandra said. "Still, we see pressure on the precious metal side, copper, and so on." The rise in commodity prices has had an impact of over 2% on the company's revenue, he added.

 

Going forward, the company said it does not expect any exceptional item in the March quarter from the cybersecurity incident at its UK-based subsidiary, Jaguar Land Rover. The Sierra maker's December quarter earnings were hit by the lingering impact of the cyberattack that took place in August. Revenue from the Jaguar Land Rover business accounted for nearly 79% of the company's total sales for the reporting quarter.

 

JLR's consolidated revenue for the December quarter fell almost 34% on year and nearly 7% on quarter to INR 538.49 billion. The revenue for the reporting quarter was 4.5 billion pound sterling, down 39% on year. Excluding tax and exceptional items, JLR reported a loss of 310 million pound sterling, against a profit before tax and exceptional items of 523 million pound sterling a year ago. The company has also been witnessing an increase in the cost of acquiring customers globally for JLR, a top company official said.

 

During the December quarter, JLR lost production volume of around 30,000 units owing to the August cyberattack, compared to the 20,000 lost in the September quarter, a top Tata Motors Passenger Vehicles official said. "Volumes (of JLR) were impacted following the cyber incident and the time taken thereafter to distribute vehicles globally, as vehicle production returned to normal levels by mid-November," the company said in a post-earnings press release. The company has now confirmed that JLR plants are operating at full capacity. 

 

On the increase in the net debt level in the JLR business, the company said it will ensure the net debt does not deteriorate. The management said it expects to take out a considerable chunk of the debt in the March quarter. JLR closed the December quarter with a net debt of 3.27 billion pounds sterling.

 

Regarding its greenfield plant at Panapakkam, near Chennai, Tamil Nadu, the company said it is in the first phase of expansion, where it will start with assembly of JLR models. However, it has not confirmed which models will be produced at the plant. "As you know, most of our plants are kind of running out of capacity and in a couple of years, we'll need a full plant at Panapakkam," a top company official said.

 

The company's vehicle manufacturing plants have been working at close to full capacity amid rising car demand, the official said, and there are pockets of capacity constraints for the entire industry. "So, yes, all of us are working on that. And therefore, yes, utilisation (rates) ...are high, but there are efforts in terms of still squeezing out more out of the plants," the official said.

 

As part of the company's strategy for expanding its international business, Tata Motors Passenger Vehicles said it would initially focus on markets that are "more low-hanging fruits", where the company's products will fit naturally. "The big one was South Africa, you know, in this financial year that we opened. Going forward, definitely some of the other markets, Europe, UK, all will be under our consideration," an official said.

 

The company expects the critical launches made in the past months to be key drivers of growth for its business in the March quarter and beyond. It expects its recently launched sport utility vehicles Punch and Sierra to translate into meaningful volume growth for its business along with other models such as the Harrier and the Safari.

 

After market hours Thursday, Tata Motors Passenger Vehicles reported a consolidated net loss of INR 34.86 billion for the reporting quarter. The company had reported a net profit of INR 54.06 billion a year ago and INR 761.70 billion for the September quarter. Its consolidated top line for the quarter fell 26% on year and over 3% on quarter to INR 701.08 billion. Ahead of the earnings, the company's shares closed slightly lower at INR 374.15 on the National Stock Exchange.  End 

 

Reported by Arya S. Biju and Anand JC

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.