The luxury car maker reported a 49.4 plunge in underlying pre-tax profits to £351 million in its first quarter to the end of June.

MUMBAI: Auto major Tata Motors on Friday reported a 62% decline in consolidated net profit of Rs 4,003 crore in the June quarter, from Rs 10,587 crore in the April-June quarter of the previous fiscal.

Tata Motors and Jaguar Land Rover (JLR) have not faced any production impact from the global rare earth magnet shortage and ...