July 31, 2020 / 11:19 AM / 4 days ago

Jaguar Land Rover parent reports June-quarter loss on pandemic hit

BENGALURU, July 31 (Reuters) - India’s Tata Motors Ltd posted a loss for a second straight quarter on Friday, as coronavirus-related lockdowns in several countries hit sales at Jaguar Land Rover, its luxury car unit.

Tata Motors reported bit.ly/319kXxY a consolidated net loss of 84.38 billion rupees ($1.13 billion) for the first quarter ended June 30, compared with a loss of 36.98 billion rupees a year earlier.

Total revenue from operations slumped 48% to 319.83 billion rupees.

$1 = 74.7827 Indian rupees Reporting by Chandini Monnappa in Bengaluru; Editing by Aditya Soni

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