Jaguar Land Rover owner Tata Motors reported a smaller-than-expected loss in the second quarter on Friday, as sales of the luxury car picked up in China, amid slowing demand for passenger and commercial vehicles in the home market.
Net loss for the three months ended September 30 narrowed to 216.6 crore from Rs 1049 crore a year ago. Revenue fell 9% to Rs 65,432 crore.
Analysts on average expected the company to lose Rs 15,500 crore, according to Refinitiv data.
Mumbai-based Tata Motors reported retail sales of 128,953 JLR cars during the quarter, down 0.7% from a year ago.