You are here: Home » Reuters » News
Business Standard

Tata Motors cuts profit margin outlook over JLR's Brexit, China woes

Reuters  |  BENGALURU/NEW DELHI 

By Tanvi Mehta and Aditi ShahBENGALURU/NEW DELHI (Reuters) - Indian automaker Tata Motors Ltd lowered its profit margin guidance for the current fiscal year after it posted its biggest quarterly loss on Thursday, hurt by an impairment charge for its British luxury car business Jaguar Land Rover (JLR).Tata Motors expects the EBIT (earnings before interest and tax) margin 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 Balaji said.Troubles at the Jaguar Land Rover (JLR) unit, which has been ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, February 07 2019. 19:22 IST
RECOMMENDED FOR YOU