Mumbai (Maharashtra), Feb. 7 -- : Tata Motors said on Thursday that its profit after tax of Rs 26,961 crore during October to December 2018 was impacted by an exceptional item of asset impairment in Jaguar Land Rover of 3.1 billion pounds (about Rs 27,838 crore).
However, the consolidated revenue for the quarter rose by 5 per cent to Rs 77,001 crore in the year-on-year period.
In a filing to the Bombay Stock Exchange, the auto major said its performance was impacted by challenging market conditions--particularly in China--and inventory corrections.
The company said that JLR announced its plans in January to achieve 2.5 billion pounds of investment, working capital and profit improvements by March 2020. For that, it suggested a reduction ...