JLR parent logs surprise loss on US$2 billion restructuring charge – CNA
Business
India’s Tata Motors Ltd posted a surprise quarterly loss and took a US$2.05 billion charge at the luxury Jaguar Land Rover (JLR) unit, warning that a global chip crunch and surging COVID-19 cases in the country would hurt its business.
FILE PHOTO: A Tata Tigor car is pictured at the assembly line inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad, India, August 7, 2018. REUTERS/Amit Dave
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BENGALURU: India’s Tata Motors Ltd posted a surprise quarterly loss and took a US$2.05 billion charge at the luxury Jaguar Land Rover (JLR) unit, warning that a global chip crunch …
