Archive · Business Recorder
Tata Motors PV posts quarterly loss as JLR restructuring costs bite
India’s Tata Motors Passenger Vehicles reported a consolidated net loss for the July-September quarter on Friday, hit by a one-time charge in exceptional charges, as the automaker navigated restructuring costs and pressure at its luxury Jaguar Land Rover business. The Tata Group company reported a second-quarter consolidated loss of 55.31 billion rupees ($587.48 million) compared to a profit of 761.7 billion rupees in the year-ago period. Its British Jaguar Land Rover unit continues to recover from a cyberattack that disrupted production and sales last year, while the company undertakes a rest...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →