Posted inIndia, South Asia

Tata Motors post highest loss due to Jaguar woes

Tata Motors, the auto unit of salt-to-software conglomerate Tata Group, posted its biggest quarterly loss ever of nearly 270 billion rupees (US$ 3.78 billion) as its UK-based subsidiary Jaguar Land Rover’s (JLR) fortunes nose-dived. Net loss stood at 269.93 billion rupees in the December-ended quarter compared with a profit of 10.77 billion rupees ($151 million) […]