Tata Motors PV posts quarterly loss as JLR restructuring costs bite
India’s Tata Motors Passenger Vehicles reported a consolidated net loss for the July-September quarter on Friday, hit by a one-time charge in exceptional charges, as the automaker navigated restructuring costs and pressure at its luxury Jaguar Land Rover business. The Tata Group company reported a second-quarter consolidated loss of 55.31 billion rupees ($587.48 million) compared to a profit of…
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