Tata Motors posts Rs 9,894 cr loss in March qtr on weak demand, lockdown


Tata Motors Ltd said on Monday it expects a significantly weak 2021 first quarter, as it grapples with worsening demand and coronavirus-induced lockdowns in several countries where it sells its luxury Jaguar Land Rover cars.

Sales at JLR, which rakes in most of the company's revenue, were heavily impacted during the quarter as some of its key markets such as China and Europe went into lockdowns, while also disrupting supply chains. The pandemic has been a major blow to Tata Motors which had made progress on its turnaround plan.....

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