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Tata Motors Restricted. (TML) on Monday reported widening of consolidated web loss to ₹4,415.54 crore for the quarter ended September 30, because of greater bills and decrease gross sales of British arm JLR, amid a world scarcity of semiconductors.
The corporate had posted a consolidated web lack of ₹307.26 crore in the identical interval final fiscal, Tata Motors mentioned in a submitting.
Consolidated income from operations stood at ₹61,378.82 crore in opposition to ₹53,530 crore within the year-earlier quarter, it added.
Complete bills had been ₹65,712.83 crore, in contrast with ₹54,982.77 crore a 12 months earlier. British arm Jaguar Land Rover had income of £3.9 billion with a pre-tax lack of £302 million within the second quarter, the corporate mentioned. On a standalone foundation, TML posted a web lack of ₹659.33 crore. It had a web lack of ₹1,212.45 crore in the identical quarter final fiscal.
In Q2 FY22, wholesales, together with exports, elevated 56.3% to 1,71,823 items, Tata Motors added.
Supply- thehindu