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Automobiles

Tata Motors doubles loss to $1bn as revenue drops by half

CEO warns of 'disruption' from factory shutdowns and supply chain troubles

A Tata Motors plant in Sanand, India: the automaker was essentially forced to halt sales and production in the country in April and May due to a nationwide lockdown.   © Reuters

TOKYO -- Tata Motors' group net loss doubled on the year to 84.3 billion rupees ($1.13 billion) in the April-June quarter, as the coronavirus crushed sales for both its flagship brand and subsidiary Jaguar Land Rover.

The Indian automaker's revenue roughly halved on the year to 325.8 billion rupees, the company reported Friday, reflecting factory and dealership shutdowns in April and May during the country's coronavirus lockdown.

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