Tata Motors reports net loss of Rs 1,862.57 crore for Q1
Total revenue from operations, however, rose to Rs 67,081.29 crore as compared with Rs 59,818.22 crore in the year-ago period, Tata Motors said in a regulatory filing.
Standalone volume rose 59 per cent to 1,76,868 units driven by robust sales of commercial and passenger vehicles.
JLR revenue however declined 6.7 per cent to 5.2 billion pounds.
Commenting on the domestic business, Tata Group Chairman Natarajan Chandrasekaran said the company continues to gain market share while strongly improving profitability in both commercial vehicles and passenger vehicles.
"With regards to JLR, we faced multiple challenges including temporary issues like China duty impact as well as the market issues like diesel concerns in the UK and Europe," he added.
Despite these challenges, the company remains committed to delivering the planned margins it outlined earlier this year, Chandrasekaran said.
Tata Motors shares today settled 1.18 percent down at Rs 264.15 per scrip on BSE.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)