Jaguar Land Rover's owner Tata Motors stunned markets by posting the biggest-ever quarterly loss in Indian corporate history of about $4bn on slumping China sales, sending its shares crashing as much as 30pc. Jaguar Land Rover's owner Tata Motors stunned markets by posting the biggest-ever quarterly loss in Indian corporate history of about $4bn on slumping China sales, sending its shares crashing as much as 30pc. JLR's China retail sales almost halved in the December quarter as overall demand in the world's biggest auto market contracted last year for the first time since the 1990s. At least four brokerages cut their price target for Tata Motors shares after its quarterly loss. Tata Motors took a non-cash charge of 278.38 billion rupees for an impairment at JLR in the quarter.

Source: Irish Independent February 08, 2019 08:26 UTC