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On a standalone basis, the company said its net loss in the fourth quarter narrowed to Rs It was Rs The automaker had reported a net profit of Rs 5, crore in the corresponding quarter last year. The global auto giant is likely to report a Last quarter, the revenue was higher than what it was in FY19! Nifty 17, Honeywell 45, JLR wholesales to dealers in the second quarter stood at 64, vehicles, down Even though the wholesales plummeted, JLR said it has a strong liquidity of 5.
With strong customer demand with a record order book we are well placed to return to strong financial performance as semiconductor supply begins to improve, said JLR CEO Thierry Bollore. Car makers have been forced to make sharp production cuts this year as supply chain disruptions and booming demand for consumer electronics have led to an acute shortage of chips, which have become a critical component in automobiles, powering everything from fuel injection to entertainment systems.
Ahead of the earnings, Tata Motors shares were up 0. A senior Tata Motors executive has earlier said semiconductor shortage impact continued through September, leading to moderation of production and offtake volumes.
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