Tata Motors reported a lower-than-expected 62% drop in standalone net profit for the second quarter, primarily due to reduced sales in passenger and commercial vehicles. Supply chain issues, including aluminum shortages for Jaguar Land Rover, and a slowdown in infrastructure projects impacted performance. Despite this, the company anticipates improved results in the second half of the fiscal year, driven by easing supply constraints and a resurgence in demand.
from Auto-Industry-Economic Times https://ift.tt/phcJsPR
No comments:
Post a Comment