September quarter print for Tata Motors NSE 1.46 % was far better than expected thanks to a strong recovery in Jaguar Land Rover and passenger vehicle segments in the company's home market. Tata Motors on Tuesday reported a consolidated net loss of Rs 307.3 crore in the Q2. An ET Now poll had projected a net loss of Rs 2,300 crore. Post Q2 results, Tata Motors CFO PB Balaji said, "Blown away with the October demand on Navratri sales. Have Highest ever booking, highest ever demand, don't have enough production to meet demand. With the current demand scenario would love to have more hours in a day to produce."
Published On: Oct 27, 2020