Transportation
Jaguar Land Rover Parent Posts $386 Million Loss on Shutdown
On the production line at Tata Motors Ltd.'s Jaguar Land Rover vehicle manufacturing plant in Solihull, UK.
Photographer: Chris Ratcliffe/BloombergTata Motors Passenger Vehicles Ltd. slumped to a loss in its latest quarter, showing lingering pain at its Jaguar Land Rover unit after a crippling cyberattack shut down production.
The Indian parent posted a loss of 34.9 billion rupees ($386 million) for the three months through December, versus a profit of 54.1 billion rupees a year earlier, it said Thursday. Revenue fell 26% to 701.1 billion rupees.