Tata Motors Ltd (formerly known as Tata Motors Commercial Vehicle) reported a loss of ₹867 crore for the September quarter. The company said profit was adversely impacted by mark-to-market losses on account of recently listed investments in Tata Capital (₹2,000 crore).

The company reported a 6 per cent increase in total revenue from operations during the quarter at ₹18,585 crore. Domestic volumes were up by 9 per cent year-on-year, while the EBITDA margin stood at 11.4 per cent.

Tata Motors said the company was net cash positive at ₹1,200 crore (including TMF Holdings gross debt less market value of TMF Holdings investments in Tata Capital Ltd).

The company anticipates a strong second half in FY26 with the festive season, improved consumption and the full impact of GST reforms yet to u

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