Tata Motors Q4 net loss narrows to Rs 1,033 cr; revenue falls 11%

The improvement in consumer sentiment, buoyancy in e-business, firming freight rates, reopening of schools and offices helped regenerate demand, says company's executive director

Passenger vehicle major Tata Motors on Thursday reported narrowing of consolidated net loss (attributable to shareholders of the company) to Rs 1,033 crore for the quarter ending March 31, 2022. It reported consolidated net loss of Rs 7,605 crore in the year-ago period and Rs 1,516 crore in Decemeber quarter.

Consolidated revenue declined 11% to Rs 78,439 crore as against Rs 88,628 crore in Q4FY21. 

Girish Wagh, Executive Director, Tata Motors Ltd said: “The Indian Commercial Vehicles sector, deeply impacted for two successive years, showed promising signs of growth in FY22 supported by a steady recovery in the economy, rising