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Tata Motors has reported a net loss of Rs 428 crore for Q2

On Friday, Tata Motors has reported a consolidated net loss of Rs 427.79 crore.

The company, during the previous fiscal in the same quarter had reported a consolidated net profit of Rs 3,290.86 crore.

The company said in a regulatory filing that the consolidated net sales during the period under review stood at Rs 60,853.03 crore as compared to Rs 60,163.99 crore of the year ago period which is 1.14 percent up.

According to the company this poor performance was mainly on account of weaker China sales and mix, foreign exchange revaluation and higher depreciation and amortisation expenses in the Jaguar Land Rover unit.

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