BENGALURU (Reuters) – India’s Tata Motors Ltd posted a narrower quarterly loss on Tuesday, as semiconductor shortages and supply disruptions continued to hurt sales for the carmaker.
Tata Motors, which owns Jaguar Land Rover (JLR), reported a consolidated net loss of 76.05 billion rupees ($1.04 billion) for the fourth quarter, compared with a loss of 98.94 billion rupees a year earlier.
The luxury carmaker had reported a loss last year as the COVID-19 pandemic hit its business across several key markets.
($1 = 73.0510 Indian rupees)
(Reporting by Chandini Monnappa in Bengaluru; Editing by Devika Syamnath)
