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Business News›ET NOW›Results›Tata Motors posts biggest quarterly loss of Rs 26,961 crore on JLR woes
Tata Motors posts biggest quarterly loss of Rs 26,961 crore on JLR woes
Auto major Tata Motors Thursday reported its biggest ever quarterly net loss of Rs 26,960.8 crore for the third quarter ended December 31, hit by one-time asset impairment in its struggling British arm Jaguar Land Rover. This is the third consecutive quarterly loss reported by the company, which had registered a net profit of Rs 1,214.6 crore in the October-December quarter of 2017-18.
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