Tata Motors posts consolidated net loss of Rs 26,960 cr for third quarter

Tata Motors Tata Motors Ltd on Thursday posted a loss for the third-quarter, hurt by an impairment charge for its luxury car unit Jaguar Land Rover.

The automaker’s loss came at Rs 269.93 billion ($3.78 billion) for the three months ended December 31, compared with a profit of Rs 11.99 billion in the year-ago period.

Revenue rose 5.8 per cent to Rs 762.65 billion, the company said here.