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Tata Motors narrows Q3 losses quarter-on-quarter as chip shortage eases

It is optimistic of being a net debt-free company by 2024

Tata Motors
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Revenue for the India business during the quarter rose 43.3 per cent to Rs 2,959 crore while EBITDA margin fell 350 basis points to 3.3 per cent

Shally Seth Mohile Mumbai
Tata Motors pared its consolidated loss quarter-on-quarter in September-December 2021 as better availability of semiconductors is helping Jaguar Land Rover (JLR) ramp up production, the company said on Monday.

The Tata group flagship reported a net loss of Rs 1,451 crore in the quarter ended December 31, 2021. This is narrower when compared with a Rs 4,415-crore net loss in the September quarter. For the year-ago quarter, it had posted a net profit of Rs 2,941 crore.

Revenue from operations during the three-month period declined 4 per cent year-on-year (YoY) to Rs 72,229 crore against Rs 75,653 crore in the corresponding period,

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First Published: Jan 31 2022 | 9:03 PM IST

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