Tata Motors, India`s leading automobile company, announced a consolidated loss of Rs 25.05 billion during the financial year 2008-09 as the global slowdown has taken its  toll on auto manufacturers globally. During the financial year 2007-08, it has reported a profit after tax (PAT) of Rs 21.68 billion.

The company has reported consolidated revenue of Rs 709.39 billion in 2008-09. The consolidated financial performance of the company is not comparable to 2007-08 on account of the acquisition of Jaguar Land Rover in June 2008. In 2007-08, the consolidated gross revenue was Rs 356.60 billion.

Global meltdown especially after July 2008 with vehicle financing and demand drying up impacted the auto industry worldwide, including Jaguar Land Rover, which the company acquired in June 2008. In 2008 therefore, Land Rover sales fell considerably. However, Jaguar was able to maintain the sales level primarily on the back of a very strong consumer response to the newly launched XF sedan, it said.

The company has actively responded to this changed situation by taking a number of urgent and long term measures. These include cutting costs drastically and working on a plan of substantial cost reduction, aligning production with demand and tight control over cash flows. In addition, it has introduced successfully new variants on both Jaguar and Land Rover brands, and is to unveil the all new XJ sedan shortly, it said.

Shares of the company gained Rs 7, or 2.37%, to settle at Rs 302. The total volume of shares traded was 36 at the BSE (Friday).