* Jaguar Land Rover volumes down 52 pct on yr * Cost reduction initiatives to improve profitability (Adds details, quotes, analyst comments) By Prashant Mehra MUMBAI, Aug 31 (Reuters) - Tata Motors , India's largest vehicle maker, posted a consolidated loss for its fiscal first quarter, but remained confident about the prospects of its loss-making Jaguar and Land Rover (JLR) unit. The company, which controls about 60 percent of the world's fifth-biggest truck and bus market, said on ...
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