FILE PHOTO: A Tata Tigor car is pictured at the assembly line inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad, India, August 7, 2018. REUTERS/Amit Dave
BENGALURU (Reuters) – India’s Tata Motors Ltd (TAMO.NS) 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 bit.ly/319kXxY 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.
Reporting by Chandini Monnappa in Bengaluru; Editing by Aditya Soni
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