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Tata Motors reports nearly INR 428 crore loss in net profit for second quarter of FY 015-16
2015-11-08 08:00:29| Automakers - Topix.net
Homegrown auto major Tata Motors has reported a consolidated net loss of INR 427.79 crore due to poor domestic performance and Jaguar Land Rover 's weaker sales in China, foreign exchange revaluation and higher depreciation and amortisation expenses in the British arm. The company had reported a consolidated net profit of INR 3,290.86 crore in the same quarter of the previous fiscal.
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