Auto major Tata Motors' consolidated net loss for the quarter ended 30 June, 2021 narrowed to ₹4,450.92 crore as compared to net loss of ₹8,437.99 crore in the year-ago period. EV business continues to grow rapidly and delivered 5x revenue growth and highest quarterly sales at 1,715 units," Tata Motors said in a statement. "We expect the performance to improve progressively from second half as supply chain and pandemic situation improves," Tata Motors said in an exchange filing. On a standalone basis, Tata Motors said its continuing business posted a net loss of ₹1,320.74 crore, putting up a better performance from a net loss of ₹2,190.64 crore in the year-ago period. Tata Motors' scrip on the BSE closed 0.8% lower at ₹293 apiece ahead of its earnings on Monday.

Source: Mint July 26, 2021 10:56 UTC