The story of Tata Motors' losses is not new. The problem is that there is not even a glimmer of a recovery
Investors of Tata Motors Ltd were jittery on Tuesday, sending the company’s shares 1.2% lower. It was almost a warning of what was to come in the June quarter results. And indeed, the global automotive giant’s performance dashed investor hopes of a near-term recovery. The consolidated net loss of ₹ 1,863 crore is baffling especially when analysts’ much-toned-down estimate was of a net profit of around ₹ 920 crore.