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Business

Tata Motors: Jaguar Land Rover’s parent company shocks investors by posting $1 billion quarterly loss

Tata Motors has announced a shock quarterly loss of more than $1 billion. The Jaguar Land Rover (JLR) owner wrote off $2.1 billion related to its revamp of the UK-based luxury car business. It also warned that a global semiconductor shortage is now impacting production plans for the current quarter. Last month JLR temporarily halted […]

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Business

Tata Motors posts quarterly loss of $1.3 billion

India’s Tata Motors Ltd on Monday forecast a significantly weak first quarter and said it was reviewing all its businesses to save $789 million to ride out the disruptions caused by the coronavirus outbreak. The dour projection comes as the automaker posted a consolidated net loss of $1.30 billion (₹9,894 crore) for the reported quarter, […]

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Business

Tata Motors sold only one Nano in 2019, manufactured zero

Tata Nano, the compact city car that was manufactured and marketed by Indian automaker Tata Motors did not produce a single unit of its entry-level car in 2019. Although the company sold one unit in February even as the company is yet to officially retire the “people’s car”. Tata Motors had zero production and sales […]