Tata Motors, the owner of the luxury carmaker Jaguar Land Rover, has posted a consolidated loss of Rs 9,894.25 crore for the quarter ended March 2020, as lockdowns across the world to control the spread of coronavirus hit revenue and operating performance.
The consolidated profit for the March quarter FY19 was at Rs 1,117.5 crore and Rs 1,738.3 crore in Q3FY20.Consolidated revenue from operations for the quarter stood at Rs 62,492.96 crore, registering a 27.7 percent year-on-year decline, as standalone business fell 48 percent to Rs 9,733 crore and JLR's revenue declined 24 percent to 5,426 million pounds during the quarter YoY.The standalone (including passenger vehicles, commercial vehicles, etc) and Jaguar Land Rover's sales volumes fell more than 30 percent YoY.
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