Mumbai (Maharashtra), May 20 -- : Tata Motors said on Monday its consolidated net profit almost halved in the quarter ended March 31 to Rs 1,117 crore compared to a profit of Rs 2,125 crore in the same period a year ago.
The company's revenue from operations fell to Rs 86,422 crore compared to Rs 89,929 crore in the same period, it said in a statement.
Jaguar Land Rover, that contributes the bulk of Tata Motors' profit, is facing a tough time across geographies. In China, its fastest growing market, sales have been declining due to slowdown in the economy. In Europe too, demand has slow due to confusion around Brexit and clampdown on diesel automobiles.
"Q4 FY19 has been extremely tough with market sentiments remaining muted, impacting d...