July 31, 2020

India’s Tata Motors posts major loss as lockdowns hit sales

Mumbai (AFP) – India’s Tata Motors on Friday reported a major quarterly loss as coronavirus lockdowns hit sales in domestic and international markets including Europe and China.Mumbai-headquartered Tata Motors, the parent of British luxury marque Jaguar Land Rover (JLR), announced a consolidated net loss of 84.39 billion rupees ($1.13 billion) for the quarter ended June 30 against a loss of 36.98 billion rupees a year earlier.”The COVID-19 pandemic has deeply impacted the auto industry in Q1FY21. We see some disruption due to the intermittent shutdowns and supply chain bottlenecks,” CEO Guente…

source https://this.kiji.is/en/661949994580952161?c=648607265489716321

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