Business Standard

Tata Motors reports first quarter loss


(Reuters) - India's Tata Motors Ltd reported on Tuesday a loss for the three months through June, hurt by higher raw material costs.
It said it made a net loss of 19.02 billion rupees ($277 million), compared with a profit of 31.82 billion rupees in the same quarter a year ago.
Changes to the way JLR's pension payments are calculated had resulted in a one-time gain of 36.09 billion rupees last year.
Total expenses during April-June rose about 17 percent to 698.90 billion rupees.
($1 = 68.5825 Indian rupees)
(Reporting By Arnab Paul in Bengaluru; Editing by Susan Fenton)

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First Published: Jul 31 2018 | 5:04 PM IST

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