Picture of Tata Motors logo

TMCV Tata Motors News Story

0.000.00%
in flag iconLast trade - 00:00
Consumer CyclicalsSpeculativeLarge CapHigh Flyer

India's Tata Motors posts quarterly loss on one-off impairment charge

Nov 13 (Reuters) - India's Tata Motors TATM.NS, the country's top commercial vehicles maker, reported a quarterly loss on Thursday, as it took a one-time impairment charge related to an investment in one of its units.

The maker of Ace mini-truck reported a loss of 1.02 billion rupees ($11.6 million) for the quarter ended September 30, compared with a profit of 6.43 billion rupees a year ago.

The company split from the passenger vehicles business in October, with both businesses now operating independently under the Tata Motors group.

($1 = 87.8950 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))

Recent news on Tata Motors

See all news