Hit hard by the coronavirus pandemic, homegrown auto major Tata Motors on Friday reported a consolidated net loss of Rs 8,443.98 crore for the first quarter ended June 2020. The company had posted a net loss of Rs 3,679.66 crore in the year-ago quarter.
Total income from operations during the period under review stood at Rs 31,983.06 crore as against Rs 61,466.99 crore in the corresponding quarter of the last fiscal. The company’s British arm Jaguar Land Rover (JLR) reported a 44 per cent dip in net revenue at 2.9 billion pounds during the first quarter.
Its pre-tax loss for the period stood at 413 million pounds as compared to the same period a year ago.
Read more at Zee Business