Tata Motors is confident about its JLR outlook and considering tthis brokerages remain positive on the stock but have slashed target price.

The business performance of Tata Motors (TML; CMP: Rs 805.70; Market cap: Rs 2.96 lakh crore; Rating: Equal-weight) in Q2 FY25 was below Street expectations because of demand weakness faced by the company.

The primary reason for the weak performance was a dip in the margins of Jaguar Land Rover (JLR), Tata Motors’ luxury vehicle division. Analysts believe that these challenges are temporary, and expect improvements in the second half of FY25 as JLR's margin pressures begin to ease.

Tata Motors reported a lower-than-expected net profit for the September quarter. Revenue also declined due to challenges in the domestic and international markets. The company's EBITDA margin decreased,