Tata Motors shares hit 10% lower circuit

MUMBAI, JUL 6 (IANS) | Publish Date: 7/6/2021 12:14:43 PM IST

Shares of Tata Motors slumped on Tuesday to and hit the 10 per cent lower circuit for a brief period.

At 3 p.m., its shares on the BSE were at Rs 321.40, lower by Rs 24.65 or 7.12 per cent from its previous close.

It has touched an intra-day low of Rs 311.45 per share.

After a positive trend for a large part of the day, the decline started around 2 p.m.

Jaguar Land Rover (UK), a wholly-owned subsidiary of Tata Motors on Tuesday said that its wholesales were lower than what the demand would have permitted during the April-June period due to semiconductor supply issues affecting the global auto industry.

Thierry Bollore, Jaguar Land Rover Chief Executive Officer noted that the supply shortage of semiconductors continues to be a challenge for the industry.

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