Tata Motors warns of Iran war costs as profits surge
Tata Motors reported a 70% rise in fourth-quarter profit but warned that the conflict in the Middle East is driving commodity inflation and disrupting exports to North Africa. While domestic demand remains strong with a 22.3% revenue jump, rising steel and freight costs are squeezing margins.
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TATA MOTORS LTD /NEW reported a 70% rise in fourth-quarter profit despite warnings of intensifying cost pressures from the Middle East conflict. Revenue rose 22.3% to 244.52 billion rupees ($2.56 billion) as domestic sales in India jumped 26%. Rising commodity inflation and supply chain disruptions now threaten to squeeze margins just as Tata Motors' post-tax-cut recovery loses momentum.
