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“If you take out the new models, the industry growth will be in the negative”, Tata Motors President (Passenger Vehicles Business Unit) Mayank Pareek told PTI.

Tata Motors ‘ June quarter earnings shocked the street Friday with the consolidated profit declining 48.7 percent year-on-year to Rs 2,769 crore, dented by dismal performance from Jaguar Land Rover (JLR) in China.