New Delhi/Bengaluru — India’s Tata Motors reported its first quarterly loss in nearly three years on Tuesday as its British unit Jaguar Land Rover (JLR) sold fewer of its luxury cars to dealerships in China and expenses rose. Dealers in China delayed purchases to benefit from an import duty cut that came into effect after the end of the quarter, the vehicle maker said. China decided to cut import tariffs for cars and car parts to 15% for most vehicles from 25% starting July 1, opening up greater access to the world’s largest vehicle market and helping to ease a recent flare-up in trade tensions with the US. The move should in coming quarters provide a boost for overseas car makers. "We expect sales and financial results to improve over the remainder of the financial year ... with the new lower duties effective in China," JLR CEO Ralf Speth said in Tata’s results statement. Tata Motors’ CFO PB Balaji said headwinds facing JLR included its China sales levels as well as worries over Br...
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