Jaguar Land Rover Parent Company Logs Surprise Loss on $2 Billion Restructuring Charge

A Tata Tigor car is pictured at the assembly line inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad, India, on Aug. 7, 2018. Amit Dave/Reuters

BENGALURU—India’s Tata Motors posted a surprise quarterly loss and took a $2.05 billion charge at the luxury Jaguar Land Rover (JLR) unit, warning that a global chip crunch and surging COVID-19 cases in the country would hurt its business.

Like other carmakers in India, Tata Motors was navigating the pandemic’s impact on sales when a global chip shortfall piled on more pressure, forcing it to suspend operations at two JLR car factories in April.