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


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 ...

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