Tata Motors posts Rs 1,451-cr loss in Q3 amid chip shortage

On the outlook for JLR, the company said the semiconductor shortage is expected to continue through 2022 but is expected to gradually improve as capacity within the supply base increases

Homegrown auto major Tata Motors on Monday reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 31, 2021, dragged down by the impact of semiconductor shortage on its British arm Jaguar Land Rover (JLR).

The company had posted a consolidated net profit of Rs 2,941.48 crore in the same period last fiscal.

Its consolidated revenue from operations stood at Rs 72,229.29 crore in the third quarter as against Rs 75,653.79 crore in the year-ago quarter, it added.

JLR posted pre-tax loss of 9 million pounds in the quarter, while revenue was down 21.1 per cent at 4.7