Tata Motors Q1 pre-tax loss widens to Rs 6,184 cr as lockdown stifles sales

Firm does not issue guidance stating that it does not see demand coming back in a hurry

Tata Motors’ loss for the June 2020 quarter widened over the year-ago period, as it ran into rough terrain caused by the lockdown in several countries and poor domestic performance.

The Tata Group’s flagship reported consolidated pre-tax loss of Rs 6,183.73 crore, compared to a loss of Rs 3,238.18 crore in the year-ago period. “There is a fair amount of challenge out there, and demand will not revive in a hurry. We have, therefore, suspended our guidance,” said P B Balaji, CFO of Tata Motors.

Even as the firm is making all efforts to prune costs and reduce cash burn, demand —