Tata Motors Q2 net loss widens to ₹4,416 crore
The Hindu
Higher expenses, lower JLR sales cited
Tata Motors Limited. (TML) on Monday reported widening of consolidated net loss to ₹4,415.54 crore for the quarter ended September 30, due to higher expenses and lower sales of British arm JLR, amid a global shortage of semiconductors.
The company had posted a consolidated net loss of ₹307.26 crore in the same period last fiscal, Tata Motors said in a filing.
Consolidated revenue from operations stood at ₹61,378.82 crore against ₹53,530 crore in the year-earlier quarter, it added.
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