Tata Motors Q4 profit slides 31.7% as JLR drag eclipses record India PV quarter
India passenger vehicle revenue jumped 49.4% to ₹18,742 cr on 2,01,800 volumes (+37%), with EV share hitting 40.2% and FY26 EV sales of 92,000 (+43%). JLR weakness pulled consolidated Q4 profit to ₹5,783 cr despite revenue up 7.2% to ₹1,05,447 cr. Sierra, Harrier EV and Punch refresh queued.
What happened
Tata Motors Q4 profit fell 31.7% as JLR weakness offset record India PV quarter: volumes up 37%, revenue up 49.4%, EV share at 40.2%. Sierra, Harrier EV and
Key facts
- Q4 revenue ₹1,05,447 cr +7.2%
- Q4 net profit ₹5,783 cr -31.7%
- India PV volumes 2,01,800 +37%
- India PV revenue ₹18,742 cr +49.4%
- FY26 EVs 92,000 +43%
- EV share 40.2%
- FY26 PV revenue ₹58,465 cr +20.7%
Why this matters
The widening performance gap between domestic PV/EV momentum and JLR drag strengthens the case for sharper portfolio separation and targeted EV platform partnerships.