Tata Motors reports first quarter loss

A road sign points to the Tata steelworks in Port Talbot, Wales, June 30, 2018. REUTERS/Rebecca Naden - Copyright REBECCA NADEN(Reuters)

By Reuters

Published on 31/07/2018 - 14:04•Updated 26/04/2024 - 05:28

(Reuters) - India's Tata Motors Ltd <TAMO.NS> reported on Tuesday a loss for the three months through June, hurt by higher raw material costs.

It said it made a net loss of 19.02 billion rupees ($277 million), compared with a profit of 31.82 billion rupees in the same quarter a year ago.

Changes to the way JLR's pension payments are calculated had resulted in a one-time gain of 36.09 billion rupees last year. [nL4N1KV3U4]

Total expenses during April-June rose about 17 percent to 698.90 billion rupees.

($1 = 68.5825 Indian rupees)

(Reporting By Arnab Paul in Bengaluru; Editing by Susan Fenton)

Now playing Next

You might also like