Home / Companies / Results / Tata Motors posts Rs 9,894 cr loss in March qtr on weak demand, lockdown

Tata Motors posts Rs 9,894 cr loss in March qtr on weak demand, lockdown

The carmaker's consolidated net loss was Rs 9,894 crore for the fourth quarter ended March 31, compared with a profit of Rs 1,117 crore a year earlier

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar

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Total revenue from operations fell 27.7 per cent to Rs 62,493 crore.

1 min read Last Updated : Jun 15 2020 | 6:06 PM IST

Tata Motors Ltd said on Monday it expects a significantly weak 2021 first quarter, as it grapples with worsening demand and coronavirus-induced lockdowns in several countries where it sells its luxury Jaguar Land Rover cars.

Sales at JLR, which rakes in most of the company's revenue, were heavily impacted during the quarter as some of its key markets such as China and Europe went into lockdowns, while also disrupting supply chains.

The pandemic has been a major blow to Tata Motors which had made progress on its turnaround plan to improve JLR sales in key markets. The company in January warned the

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