Tata Motors loss at `4,441 crore on commodity inflation, provide points

Tata Motors Ltd on Monday reported a consolidated internet lack of Rs 4,441 crore for the second quarter ending September as in opposition to a internet lack of Rs 314 crore within the year-ago interval (Q2FY21) and Rs 4,451 crore within the earlier June quarter (Q1FY22), respectively.
Revenue from operations rose 14 per cent to Rs 61,378 crore in Q2FY22 as in opposition to Rs 53,530 crore within the final 12 months interval. Jaguar Land Rover (JLR) wholesales to sellers within the quarter had been at 64,032 automobiles, down 12.8 per cent year-on-year, reflecting the semiconductor scarcity and decrease retailer inventories. India operations confirmed vital enchancment in opposition to Q2 a 12 months in the past. However, the provision chain points and commodity inflation impacted the margins. Electric car (EV) enterprise recorded practically three-fold progress and recorded highest month-to-month and quarterly gross sales of 1,078 models and a pair of,704 models, respectively.