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Slow Jaguar Land Rover recovery will weigh on Tata Motors profits

While operational gains will continue, firm may not turn profitable this year

Topics
Tata Motors | Jaguar Land Rover | automobile industry

Ram Prasad Sahu  |  Mumbai 



tata motors, passenger vehicles
Though the operating performance was better than estimates, revenues were hit by Covid-related lockdowns at both JLR and its domestic operations

The stock gained about 8 per cent on Monday after it posted a better-than-expected operational performance in the June quarter (Q1FY21). The gains were largely because of (JLR), which reported an operating profit margin of 3.6 per cent. This was because of better realisations, favourable foreign exchange, and

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First Published: Mon, August 03 2020. 19:30 IST

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