Tata Motors PV share drops over 5% on JLR plant shutdown news
after close1 source ↓written by the desknot a recommendation
- to an intraday
- 5% decline
- on the BSE
- ₹301.10
Tata Motors Passenger Vehicles saw a 5% decline to an intraday low of ₹301.10 on the BSE following reports of a temporary shutdown at its Jaguar Land Rover (JLR) Solihull plant in the UK. This disruption, linked to a supplier parts issue, is expected to impact production of key models like the Range Rover for two weeks. The situation raises concerns over JLR's operational stability, a crucial earnings driver for Tata Motors.
Not investment advice. For informational purposes only.