Tata Nexon Tops SUV Sales, Yet Tata Motors Reports ₹3,483 Crore Loss: Why?

• Tata Nexon became the best-selling SUV in January, ending Maruti and Hyundai's 20-year dominance.
• Despite strong sales, Tata Motors Passenger Vehicles Limited (TMPVL) reported a consolidated net loss of ₹3,483 crore in Q3.
• The company had a profit of ₹5,485 crore in the same quarter last year, indicating a significant financial downturn.
• Extraordinary expenses of ₹1,600 crore, including ₹800 crore for a JLR cyber incident, ₹400 crore for new labor laws, and ₹400 crore for stamp duty, contributed to the loss.
• The biggest reason for the loss was a cyberattack on JLR operations, which led to a 39.4% drop in JLR's earnings and an additional burden of ₹21,000 crore.