Light CVs take heavy toll on Tata results

Tata Motors' domestic stand-alone business faces an uphill battle on a number of fronts. Setting aside Jaguar Land Rover, the company just wrapped up the first quarter of its fiscal year 2016 with a 32% fall in profit before tax. On the other hand unit sales (including exports) of both commercial vehicles (CVs) and passenger vehicles rose 6.2% and revenues (net of excise) jumped nearly 21% year-on-year.