JLR parent Tata Motors posts $1.3 billion quarterly loss - British Herald
August 18, 2022
Business

JLR parent Tata Motors posts $1.3 billion quarterly loss

BENGALURU (Business) – India’s Tata Motors Ltd posted a quarterly loss on Monday, hurt by weak demand and coronavirus-induced lockdowns in several countries where it sells its luxury Jaguar Land Rover cars.

The carmaker’s consolidated net loss was 98.94 billion rupees ($1.3 billion/£1.04 billion) for the fourth quarter ended March 31, compared with a profit of 11.17 billion rupees a year earlier.

Total revenue from operations fell 27.7% to 624.93 billion rupees.

(Photos syndicated via Reuters)

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