JLR parent Tata Motors posts quarterly loss

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The parent of Jaguar Land Rover (JLR) reported a consolidated net loss of 44.51 billion rupees ($598.04 million) for the quarter ended June 30, compared with a loss of 84.38 billion rupees a year earlier.

The luxury carmaker’s business across several key markets was hammered by the pandemic last year.

($1 = 74.4260 Indian rupees)