Tata Motors, the parent company of Jaguar Land Rover (JLR), reported a 62% decrease in quarterly net profit for Q1 FY26 due to lower demand and US trade tariffs. JLR’s revenue fell by 9.2% to £6.6bn, with profit before tax dropping by 49.4% to £351m. Tata Motors is focusing on strengthening core aspects of its business to mitigate tariff impacts. Wholesale volumes for JLR declined by 10.7% year-on-year. The commercial vehicle segment saw a revenue drop of 4.7%, while the passenger vehicle segment experienced an 8.2% revenue decline. JLR CEO Adrian Mardell recently left the company.

Read more at Yahoo Finance: Tata Motors sees 62% profit drop in Q1 amid JLR struggles and US tariffs