Summary
"The lower profit was due to weaker sales mix both model and market, higher depreciation and amortization expenses, non-recurrence of an annual China tax rebate of 2014-15, but in current year it was received only in the first quarter of 2015-16) and other items in the JLR business," Group Chief Financial Officer C Ramakrishan said.
Tata Motors Ltd. hurt by weak sales of Jaguar Land Rover vehicles in China and a wider net loss in its home operations in India.
TATA MOTORS