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Covid-19 to push automakers into a record loss of Rs 10,000 crore in first quarter

Covid-19 to push automakers into a record loss of Rs 10,000 crore in first quarter
Covid-19 to push automakers into a record loss of Rs 10,000 crore in first quarter
A silver lining is, bourses have turned favourable for auto stocks.

Synopsis

As much as Rs 7,000 crore of this is expected to be the consolidated loss of Tata Motors, according to brokerage estimates compiled by ETIG. Maruti Suzuki is projected to post its first loss as a listed company, while Eicher Motors, TVS Motor and Ashok Leyland too are expected to post losses in the quarter disrupted by the Covid-19 pandemic.

Mumbai: Listed Indian automobile companies could post a cumulative loss of Rs 10,000 crore for the June quarter.As much as Rs 7,000 crore of this is expected to be the consolidated loss of Tata Motors, according to brokerage estimates compiled by ETIG. Maruti Suzuki is projected to post its first loss as a listed company, while Eicher Motors, TVS Motor and Ashok Leyland too are expected to post losses in the quarter disrupted by the Covid-19
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