Tata Motors Passenger Vehicles Slumps After JLR’s Medium-Term Targets; Broader Market Holds Firm
Tata Motors Passenger Vehicles sank 8.1% to 361.70 rupees on Wednesday, marking its largest single-day fall since August 2024. The drop followed Jaguar Land Rover’s medium-term guidance for fiscal 2027 - revenue of 26 billion pounds, an EBIT margin of 4%, and operating cash flow at break-even - which appears to have fallen short of investor expecta…