Tata Motors PV Q2 profit surges on one-time Gain; JLR hit hard by cyberattack, guidance cut

Tata Motors Passenger Vehicles Ltd saw a huge profit rise in the September quarter. This was mainly due to a large one-time gain. However, Jaguar Land Rover faced production issues after a cyberattack. The Indian passenger vehicle business showed resilience. Demand strengthened during the festive season. Tata Motors expects a strong second half of the financial year.