Tata Motors Q3 profit tanks 96% on loss in India operations
Tata Motors on Tuesday reported its third-quarter earnings where its profit plummeted 96% over lower sales at its luxury car unit Jaguar Land Rover Automotive and losses in India. Net profit fell to ₹111.57 crore in the quarter ended December 31, from ₹2,952.67 crore in the year-ago period. Tata Motors attributed the loss in the domestic vehicle market to demonetisation.