Mumbai, Aug. 9 -- Tata Motors has officially announced that it has posted a 30 per cent decline in its Q1 FY26 net profit of Rs 3,924 crore from the Rs 5,643 crore net profit reported in the same period last year.
Tata Motors stated that its performance was impacted by decline in profitability primarily from its Jaguar Land Rover business, besides volume decline in all businesses.
The company stated that US President Donald Trump's tariff impacted revenues from Jaguar Land Rover which declined by more than 9 per cent to £6.6 billion (UK pound sterling).
Significantly, the United States is Jaguar Land Rover's most important export market, accounting for nearly a quarter of its sales.
Operating profit from Jaguar Land Rover slipped b...