Tata Motors misses Q2 profit estimates over weak JLR and domestic sales

Tata Motors recently reported a drop in Q2 profits and its first revenue decline in 10 quarters, mainly due to weaknesses in its luxury brand Jaguar Land Rover and domestic sales. The company expects a turnaround in Q3, with the festive season and wedding season driving up demand. Despite a broader decline in Indian consumption, Tata Motors remains optimistic about future performance, with new launches and strong demand expected during the wedding season. The company aims to become net debt-free by the end of the year and is focused on improving its overall business performance.