JLR’s losses and subdued margins have continued to weigh on Tata Motors PV’s financial performance since the demerger in October 2025. Job cuts and asset write-downs at Jaguar Land Rover (JLR) caused its parent Tata Motors Passenger Vehicles Ltd to record a ₹5,451 crore loss in the September quarter, even as the British luxury carmaker warned of lower profits and revenue this fiscal year.