Tata Motors Profit Falls 63% on JLR Slump, US Tariffs (Correct)

Jaguar Land Rover parent Tata Motors Ltd. reported a slightly lower-than-expected quarterly profit, as softer demand and US trade tariffs took a toll on its domestic and global businesses.

Net income fell 63% to 39.2 billion rupees ($447 million) in the three months ended June 30, compared with the same period last year, the company said in a filing Friday. It fell short of the average profit estimate of 40.55 billion rupees based on a Bloomberg survey of analysts.

Revenue fell 2.8% to 1.04 trillion rupees, beating analyst estimates, according to an exchange filing Friday. Total costs inched up 0.1% ...