Tata Motors finished the financial quarter at a loss


The largest automaker in India, Tata Motors Ltd., recorded a loss due to the depreciation of assets of the division of Jaguar Land Rover. Net loss in the fourth quarter amounted to 269.9 billion rupees or $3.78 billion against a profit of 11.99 billion rupees last year. Tata Motors's revenues grew by 5.8% to 762.65 billion rupees. The pre-tax loss of the company exceeded 3 billion pounds or slightly more than $4 billion due to the difficult economic situation in China. One-time write-off amounted to 3.1 billion pounds. The net profit of Tata Motors itself grew 2.9 times to 6.18 billion rupees.

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