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Corrected: Tata Motors cuts profit margin outlook for JLR over Brexit, China woes

Reuters 

(Corrects headline and lede to clarify that profit margin warning is for JLR)By Tanvi Mehta and Aditi ShahBENGALURU/NEW DELHI (Reuters) - Indian automaker Tata Motors Ltd lowered its profit margin guidance for the Jaguar Land Rover (JLR) unit for the current fiscal year after it posted its biggest quarterly loss on Thursday, hurt by a one-time impairment charge.Tata Motors expects the EBIT (earnings before interest and tax) margin for JLR for the fiscal year 2018-19 ending March 31 to be "marginally negative" compared with an earlier guidance of breaking even, Chief Financial Officer, PB ...

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First Published: Fri, February 08 2019. 11:12 IST
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