Shares of Tata Motors ended by 1.46% higher today, while the broader Mumbai market settled at 1.03% higher.
Tata motors reported a net loss 1400 crore rupees ($42.47 million) for the second quarter that ended in September.
However, Tata Motors posted a loss for the September quarter because the COVID-19 pandemic sapped demand in several of its key markets losses for 17 Billion rupees a year earlier.
Tata Motors said it had been committed to achieving near-zero net automotive debt within the coming years.
Worldwide and compounded problems for Tata Motors as well as health crisis has hammered sales for automakers worldwide. Which was trying to strengthen Jaguar and Land Rover’s sales raking in most of the company’s revenue which was also down by nearly 12% for the reported quarter.
