On Friday, Tata Motors has reported a 48.7 percent decline in the consolidated net profit at Rs 2,768.91 crore for the first quarter ended June 30.

In the previous fiscal, during the same quarter, the company had posted a consolidated net profit of Rs 5,398.21 crore.

The company said in a BSE filing that the consolidated net sales during the period under review stood at Rs 60, 180.57 crore as compared to Rs 64, 150.74 crore in the year-ago period, down 6.18 percent.

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