Brexit bites Tata Motors as Q1 profit halves on forex loss3 min read . Updated: 27 Aug 2016, 11:20 AM IST
Tata Motors consolidated net profit for first quarter fell to Rs2,260.40 from Rs5,254.23 crore a year ago
Mumbai: Tata Motors Ltd’s consolidated net profit more than halved in the quarter ended 30 June as a foreign exchange loss stemming from the UK’s vote to exit the European Union and higher costs took their toll on India’s largest automaker by revenue.
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