Tata Motors’ Q1 FY26 profit fell 30% YoY to ₹3,924 crore as JLR volumes dropped and margins weakened from US tariffs.

• Revenue from operations dipped 2.5% YoY to ₹1.04 lakh crore, with operating profit margin contracting to 9.79%.
• Passenger vehicle sales fell 10% YoY; EV sales down 2.1%, though July recorded the highest-ever monthly EV sales.
• JLR revenue declined 9.2% to £6.6 billion with EBIT margin at 4%, hit by US trade tariff headwinds.