mumbai the covid19 pandemic impacted tata motors performance pulling the countrys largest automaker by revenues into the red during the fourth quarter of fiscal 2020 the company reported a loss of rs 9864 crore in the january to march months compared with a profit of rs 1109 crore in the same period of fiscal 2019 the flagship company of the tata group took a rs 2549crore impairment charge on some of its assets including the passenger vehicle business in india and the design unit in the uk the amount also covered impairment loss dedicated to onerous contracts revenue fell 28 to rs 61949 crore tata motors said its first quarter results in fiscal 2021 will be weaker as the full impact of the covid19induced lockdown will be reflected in its businesses it also said that even as business restrictions are eased in india and elsewhere its outlook on demand for vehicles and earnings are fluid for the current financial year the company further said that it is taking hard calls to navigate the business crisis caused by the pandemic and is taking actions to deleverage its balance sheet it has an automotive debt of rs 48000 crore tata motors is pruning investment spends controlling costs and conserving cash to protect liquidityits uk unit jaguar land rover jlr which accounted for 81 of tata motors fourth quarterly revenue will spend 25 billion pounds on capital expenditure this fiscal substantially lower than the 33 billion pounds it spent in fiscal 2020the india business will spend rs 1500 crore 72 lower than what its investment was in fiscal 2020for the full year of 201920 tata motors reported a loss of rs 11975 crore losses however reduced from rs 31371 crore in fiscal 2019 the management said jlr is seeing encouraging recovery in demand in china the worlds biggest automotive market it is also seeing improvements in the us and europe though the uk is yet to recover from the lockdown jlr is gradually resuming production at its plants in the uk and its contract assembly line in austria in india tata motors has recommenced operations at all its plants and is operating at 50 capacity level