Tata Motors posts quarterly lack of Rs 4,451 crore in Q1

BENGALURU: Tata Motors Ltd reported a first-quarter loss on Monday, as semiconductor shortages crimped the carmaker’s skill to benefit from the pandemic-fueled demand for private autos.
The father or mother of Jaguar Land Rover (JLR) reported a consolidated web lack of Rs 4,451 crore ($598.04 million) for the quarter ended June 30, in contrast with a lack of Rs 8,438 crore a 12 months earlier.
The luxurious carmaker’s enterprise throughout a number of key markets was hammered by the pandemic final 12 months.

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