Tata Motors Passenger Vehicles profit drops 32 percent as revenue rises and dividend declared

Profit slid hard while sales climbed 7%

Tata Motors’ Passenger Vehicles division reported net profit down 32% year-on-year to Rs 5,783 crore, even as revenue from operations rose 7% to Rs 1.05 lakh crore. The company recommended a final dividend of Rs 3 per share. Challenges around JLR also weighed on overall performance, pressuring revenue and profit despite growth in topline.