JLR mum or dad Tata Motors posted a quarterly loss

© Reuters. FILE PHOTO: Tata Motors' Nexon EV electric sport utility vehicle (SUV) is shown during its launch in Mumbai, India on Jan 28, 2020. REUTERS / Hemanshi Kamani / File PhotoFile

BENGALURU (Reuters) – India Tata Motors (NYSE 🙂 Ltd reported a loss for the first quarter on Monday as semiconductor shortages hampered the automaker's ability to capitalize on the pandemic-fueled demand for private vehicles.

Jaguar Land Rover's parent company (JLR) reported a consolidated net loss of Rs 44.51 billion ($ 598.04 million) for the quarter ended June 30, compared to a loss of Rs 84.38 billion a year earlier.

The luxury automobile maker's business in several key markets was impacted by the pandemic over the past year.

($ 1 = 74.4260 Indian Rupees)

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