Tata Motors has posted an annual loss for the year to March 2009 of INR25bn (US$520m) versus net profit of INR21.7bn a year ago.
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The firm blamed the slump on a fall in sales of its British luxury marque Land Rover as the global downturn sapped demand.
“In 2008, Land Rover sales fell considerably. However, Jaguar was able to maintain the sales level primarily on the back of a very strong consumer response to the newly-launched XF sedan,” Tata said.
Tata revealed that Jaguar Land Rover unit posted a net loss of GBP281m (US$460m) in the 10 months of the fiscal year to March 2009 that it was on its books.
Last month, the company reported net profit from Indian operations fell 50.7% to INR10.01bn for 2008/09.
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