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Managing director of Tata Motors, Ravi Kant addresses a press conference announcing the companys third-quarter result in Mumbai on Friday. Tata Motors, reported a standalone third-quarter net loss, hit by a sharp fall in demand. The company, which makes cars and trucks, reported a net loss of 2.63 billion rupees ($53m) for the three months to December compared with a net profit of 4.99 billion rupees in the same period a year earlier. — AFP photo |