India’s Biggest automobile manufacturing company, Tata Motors on October 27, 2020 posted a consolidated net loss of Rs 307.3 crore in the September quarter in comparison to a loss of Rs. 187.7 crore in the year-ago period.  Total operational revenue of the company declined 18.19 percent to Rs 53,530 crore, from 65,431.95 crore a year ago. In the first 6 months of the ongoing FY21, Tata Motor’s revenues suffered as its manufacturing units together with several offices remained closed for a substantial time period in the backdrop of Covid 19 pandemic led lockdowns.

Further, the RBI has announced moratorium on loan repayments for specific borrower segments, which impacts Tata Motor Group's vehicle financing business in India, it said.  JLR unit becomes profitable in Q2FY21 The company's JLR or Jaguar Land Rover business became profitable in the just ended September quarter as there was seen a revival in sales and revenue that got hit in Q1 as an impact of Covid 19.

 On a quarterly basis, retail sales of JLR stood at 113569 units, up 53.3 percent but on a yearly basis sales were still down by 11.9 percent. Passenger, Commercial vehicle segment In the passenger vehicle segment the company realized EBITDA breakeven owing to robust customer demand for its new 'Forever range'. Commercial vehicle segment has also seen gradual recovery but on a year on year basis. Shares in Tata Motors ahead of the release of its second quarter numbers ended higher by 1.5 percent at Rs. 135.7 per share.

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