Auto major Tata Motors on Monday reported a consolidated net loss of Rs 1,516  crore for the December quarter against a profit of Rs 2,941.48 crore in the same quarter last year.






The total revenue from operations came in at Rs 72,229.29 crore, down 4.52 percent against Rs 75,653.79 crore in the corresponding quarter last year. This compares with ET Now poll projection of loss at Rs 1,000 crore and revenue at Rs 72760 crore.

The company had reported a massive loss of ₹4,441 crore in the September quarter.

Automakers worldwide have been roiled by the chip shortage, along with supply chain disruptions, Covid-19 restrictions and rising raw material prices after a short-lived recovery towards the end of 2020.