Tata Motors Passenger Vehicles turned red in Q2 FY27 as the auto major posted a net loss of Rs 5,531 crore against a net profit of Rs 76,170 crore in the year-ago period. The company also turned into a loss sequentially, as it posted a profit of Rs 775 crore in Q1 FY27. Pressure from high commodity costs impacted the company’s margins on a sequential basis, it said in its exchange filing. TMPV’s revenue from operations for the July-September quarter of FY27 jumped 33% year-on-year to Rs 96,920 crore compared to Rs 72,349 crore in Q2 FY26. Sequentially, its topline inched up 1% against Rs 95,799 crore in the trailing quarter. TMPV margins impacted by high commodity prices Commenting on the quarterly results, Dhiman Gupta, Chief Financial Officer of TMPVL, said , “In Q2 FY27, TMPV continued to build on its strong momentum in the domestic business, while JLR (Jaguar Land Rover ) delivered resilient volumes despite global market-specific challenges and wind-down of previous Jaguar models.”