Tata Motors Flags Margin Pressure From Commodity Costs
Tata Motors warned that rising commodity prices and trade disruptions from the Iran war will pressure margins across its vehicle lines. The company reported a 31.7% drop in quarterly profit and plans to focus on high-end models while targeting $2.3 billion in cost savings over two years.
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TATA MOTORS LTD /NEW reported a 31.7% drop in quarterly profit to 57.83 billion rupees ($603.9 million) for the period ended March 31. The decline follows rising commodity costs and supply chain disruptions linked to the conflict in Iran. Investors face tightening margins as the Jaguar Land Rover parent pivots to high-end models to offset sticky inflation.
