India's Tata Motors reported a surprise drop in second-quarter profit and its first revenue decline in 10 quarters on Friday, hurt by weakness in both its luxury vehicles unit, Jaguar Land Rover, and domestic businesses.

Tata Motors reports 11.18% decline in net profit due to supply constraints, weak sales in passenger and commercial vehicles.

JLR wholesales are expected to improve sharply, as supply challenges ease. Overall, Tata Motors expects an all-round improvement in performance in the second half of FY25 and the business to become net debt free by this year.

India's Tata Motors reported a surprise drop in second-quarter profit on Friday, hurt by weakness in both domestic sales and its luxury vehicles unit. The company posted a profit of 33.43 billion rupees ($396.

Tata Motors reported its earnings for the quarter ended September on Friday after market close. The numbers missed analyst estimates. What Happened: The automaker's net profit for the quarter under review stood at ₹3,