On Monday, Tata Motors, the parent company of luxury car maker Jaguar Land Rover, said its loss narrowed to Rs.4,451 crore in the first quarter ended June 2021 from a loss of Rs. 8,438 crore in the same quarter last year.
“Demand remains strong for JLR and India PV, while CV demand is showing gradual improvement. In this dynamic business environment, we anticipate that semiconductor issues, commodity inflation and pandemic uncertainty will have an impact in the short term. We expect the performance to improve progressively from H2 as supply chain and pandemic situation improves, Tata Motors said in a stock exchange filing post market hours.
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