Tata Motors hits 52-week low as China stock rout raises JLR worries

Reuters Updated - December 07, 2021 at 01:51 AM.

Tata Motors shares hit their 52-week low of Rs 400 today on the BSE.

At 11.55 am, Tata Motors shares were trading down 6.74 per cent or Rs 29.10 at Rs 402.70.

Shares fell on stock market rout in China, which is Jaguar Land Rover's largest market.

Weak JLR sales in China battered the company's net profit in the previous quarter.

Global automakers in China are under pressure to cut prices to counter slower economic growth

Shanghai Shenzhen CSI 300 index fell 7 per cent today.

Published on July 8, 2015 06:30