Tata Motors Q2 loss narrows to Rs 217 crore on better JLR performance

India business in red by Rs 1,270 cr on poor sales

Tata Motors reported better-than-expected earnings for the September quarter, with improvement in the operational performance at Jaguar Land Rover, its Britain-based luxury vehicle arm. 

Loss at the India business deepened, however, with poor commercial vehicle (CV) and passenger vehicle (PV) sales.

The company’s American Depository Receipts rose 10 per cent on Friday at the time of going to press. The share price closed at Rs 126.95 on the BSE exchange, down 4.9 per cent. The earnings were reported after markets closed for the day.

Net loss at the consolidated entity narrowed to Rs 216.6 crore in the three months to September, from Rs