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Tata Motors to support component suppliers

Tata Motors, India's largest car maker, is planning to support its component suppliers in order to reduce their operational costs through various measures. With declining sales of its vehicles across all categories, company aims to help its suppliers to deal with the slowdown in the automotive market. The entity has not yet offered any financial package to its vendors.

The company has reported a net loss of Rs 458.49 crore for the quarter ended December 31, 2012 as compared to a net profit of Rs 173.67 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 20.25% at Rs 10741.89 crore for quarter under review as compared to Rs 13470.48 crore for the quarter ended December 31, 2011.

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