Tata Motors in a regulatory filing on Monday has posted a loss of ₹ 4,451 crores in the first quarter ended June 2021 compared to a loss of ₹ 8,438 crores in the same quarter last year. The auto major has posted total revenue of ₹66,406.05 crores during the first quarter of the current fiscal, up 107.6% year-on-year (YoY).The company has restated that global chip shortages, uncertainty due to the spread of coronavirus variants and commodity inflation would impact business in the short term.”Demand remains strong for JLR and India PV, while CV demand is showing gradual improvement. In this dynamic business environment, we anticipate …
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