Tata Motors' Q1 loss widens to Rs 5,007 cr amid chip woes, China lockdown

Losses at the UK subsidiary widened to £482 million, from £286 million, as JLR retail sales fell 37 per cent to 78,825 units from the year-ago quarter

Tata Motors
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Tata Motors’ passenger vehicle business continued its strong momentum with despatches to dealers rising to 130,351 vehicles — up 101.7 per cent YoY

Shally Seth Mohile Mumbai
Tata Motors’ consolidated losses for the first quarter (Q1) that ended June deepened as semiconductor woes, coupled with a lockdown in China and volatile foreign exchange, dented earnings at Jaguar Land Rover (JLR) Automotive — its UK subsidiary. 

Led by strong operational performance of the commercial vehicle/passenger vehicle business and India operations, its India business was able to trim losses to Rs 181.03 crore, from Rs 1,320.74 crore.

Losses at the consolidated entity widened to Rs 5,007 crore, compared with Rs 4,451 crore. Losses at the UK subsidiary widened to £482 million, from £286 million, as JLR retail sales fell

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First Published: Jul 27 2022 | 10:40 PM IST

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