Jaguar Land Rover lost £524m before tax during its latest financial quarter as its revenue dropped by £600m.
The automotive giant has posted a revenue of £4.4m for the three months to the end of last month, down 7.6% from the same period in 2021.
JLR said its losses "primarily reflect" the lower wholesale volumes as well as "unfavourable" inflation of £161m and currency and commodity revaluation of £236m year on year.