 "Tata Motors")
Tata Motors reported a consolidated loss of Rs 26,960.80 crore for the third quarter ended December 2018 (Q3FY19) post market hours on Thursday, while the total income for the period under review came in at Rs 77,582.71 crore. The company said it took one-time exceptional non-cash charge for asset impairment of 3.1 billion pounds.
Net loss from joint ventures and associates amounted Rs 138 crore, as compared to a profit of Rs 253 crore in the previous corresponding period. The decrease, according to the company, was mainly on account of lower profitability in the JLR’s China JV (CJLR) due to market
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