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As covid-19 hits sales, Tata Motors turns focus to costs, cash optimisation

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₹9,313 crore for Q4FY20.“Tata Motors 4QFY20 performance fully reflects the impact of covid-19 in (Jaguar Land Rover’s or JLR) key market, China.

This, coupled with the initial impact in other geographies and an all-round miss in India, led to sharp miss in operating performance," Motilal Oswal Financial Services Ltd said in a note.Indications are performance will be weak in the current quarter (Q1FY21) as well.

Prolonged lockdowns in India and Europe have impacted sales in April and May. In India, the company expects sales to start recovering from June onwards and is gearing up its supply chain accordingly.

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