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Tata Motors Says Profits Hurt by China Economic Slowdown
Hindustan Times West UP
|January 24, 2025
Jaguar Land Rover's Indian owner said profitability is being hurt by economic challenges in China, a market where weak demand and consumer preference for electric vehicles are hurting sales of traditional top-end cars.
"The environment in China continues to experience macro headwinds with a decrease in overall profitability, increase in retailer insolvency and contraction of bank credit," P B Balaji, group chief finance officer at Tata Motors Ltd., said at the recently concluded Bharat Mobility Global Expo 2025 in New Delhi.
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