NEW DELHI: Auto major Tata Motors on Thursday reported a massive Rs 26,961 crore consolidated loss for the December quarter. The company said it took one-time exceptional non-cash charge for asset impairment of 3.1 billion pounds.
The auto firm had posted a profit of Rs 1,214.60 crore in the year-ago period.
Consolidated revenue for the quarter under review rose 5 per cent YoY to Rs 77,001 crore.
Tata Motors Ltd.-32.15 (-17.58%)
In a filing to the BSE, the automaker said its performance was impacted by challenging market conditions particularly in China and inventory corrections.