Tata Motors Encounters A Loss Of Rs 5 006 60 Crores Due To Inflation
Tata Motors reported a combination of net loss of Rs 5,006.60 crore for the June quarter compared to a net loss figure of Rs 1,032.84 crore in March and Rs 4,450.92 crore for the quarter a year ago. Although the consolidated revenue grew to 8.68% than the previous year to approximately Rs. 71,227.76 crores. Tata Motors said that retail sales for Jaguar Land Rovers in the June quarter were 37% down compared to March and at the same time Britain’s part-selling Jaguar Land Rovers or JLRs also reported an 11....