companiesFor H1FY27, the company reported a net loss of ₹4,592 crore
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AMIT DAVE
Tata Motors Passenger Vehicles (TMPVL) reported a consolidated net loss of ₹5,451 crore for the quarter ended September 30, 2026 (Q2FY27), compared with a profit of ₹76,248 crore in Q2FY26, weighed down by restructuring costs at Jaguar Land Rover (JLR). Revenue rose 34 per cent to ₹96,340 crore from ₹71,714 crore in the year-ago quarter.
The management expects the company to end FY27 with double-digit growth of around 12-13 per cent. This comes amid JLR’s expectation of an adjusted EBIT margin of 2-3 per cent for the full year.
“In Q2FY27, the company recognised exceptional charges at approximately ₹6,700 crore reflecting some of the difficult but necessary actions we have to take at JLR to position the business for stronger long-term performance,” Dhiman Gupta, Chief Financial Officer, TMPVL, told newspersons.
The exceptional charge includes restructuring-related expenses, such as separation costs, the write-down of intangible assets under development and the write-down of other assets.
For H1FY27, the company reported a net loss of ₹4,592 crore, compared with a net profit of ₹80,251 crore in the corresponding period of the previous fiscal.
Shailesh Chandra, Managing Director & CEO, TMPVL, said in a statement, “Q2 FY27 was another quarter of strong execution with record quarterly sales of 200,000 units and industry-beating growth of 40 per cent YoY reflecting robust customer demand across our portfolio. We maintained our leadership in electric mobility, recording industry-beating growth of 90 per cent YoY in EV sales.
Price increase
The company offset around 40 per cent of the commodity cost impact through calibrated price increases and cost-reduction measures, while absorbing the remainder in its profit and loss account.
Commodity cost pressures, particularly from steel, rubber and copper, are likely to persist into Q3.
The company expects profitability to remain broadly at current levels in Q3, with some improvement possible in Q4, driven by a combination of price increases and cost-reduction initiatives, Chandra said.
Capacity
TMPVL is operating at full capacity, with demand for its vehicles significantly outstripping supply. The company is looking to ramp up production to meet growing bookings, particularly for electric vehicles, he told the media.
Published on November 13, 2026
