Brexit bites Tata Motors as Q1 profit halves on forex loss
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. Consolidated net profit in the quarter fell to Rs.2,260.40 crore from Rs.5,254.23 crore a year […]
