💨 Abstract

Tata Motors reported a surprise 11% drop in Q2 profit and a first revenue decline in 10 quarters, due to weak performance in both Jaguar Land Rover (JLR) and domestic businesses. JLR's revenue fell 1% with a 10% drop in wholesales, affected by aluminium supply constraints and increased promotional expenses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖