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Tata Motors Report June-Quarter Loss On Pandemic Hit

Tata Motors reported a consolidated net loss of 84.38 billion rupees ($1.13 billion) for the first quarter ended June 30, compared with a loss of 36.98 billion rupees a year earlier.

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India's Tata Motors Ltd posted a loss for a second straight quarter on Friday, as coronavirus-related lockdowns in several countries hit sales at Jaguar Land Rover, its luxury car unit.

Tata Motors reported a consolidated net loss of 84.38 billion rupees ($1.13 billion) for the first quarter ended June 30, compared with a loss of 36.98 billion rupees a year earlier.

Total revenue from operations slumped 48% to 319.83 billion rupees.

(Reuters)


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