Tata Motors skids on JLR woes, logs Rs 10-bn loss in Q2; revenue rises 3.3%

The UK unit, which contributes almost 90 per cent to Tata Motors' revenue, has been suffering due to uncertainty around Brexit and China demand

Tata Motors posted a loss of Rs 10.1 billion at a consolidated level in the quarter ended September 30 as the company’s UK subsidiary, Jaguar Land Rover (JLR) Automotive, reported a loss of £101 million.

Tata Motors had reported a profit of Rs 24.8 billion in the year ago quarter. 

This is the second successive loss for the Tata group flagship. The company reported a net revenue of Rs 712.9 billion against Rs 695.69 billion a year ago.

The earnings were also dented by a one-off charge of Rs 4.37 billion incurred because of a subsidiary closure in Thailand.

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