Tata Motors PV profit dips 80% on rising input costs
Higher incentives weighed on profitability, with variable marketing expenses rising to 7.1% from 4.1%. NEW DELHI: Tata Motors Passenger Vehicles (TMPV) saw profit collapse in the June quarter as weakness at Jaguar Land Rover (JLR) and rising input costs overshadowed a sharp expansion in its domestic business.Consolidated net profit fell 80.3% y-o-y to Rs 775…
