Tata Motors posts consol Q1 loss on JLR unit

Newswire

MUMBAI, Aug 31 (Reuters) - Tata Motors , India's largest vehicle maker, posted a consolidated first quarter loss on Monday, as its loss-making Jaguar and Land Rover (JLR) unit erased gains from accounting changes and asset sales. The company, which controls about 60 percent of the world's fifth-biggest truck and bus market, reported a 3.29 billion rupees ($67.4 million) consolidated loss for April-June. In the year-ago quarter, the company posted a consolidated net profit of 7.2 billion ...

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