There’s little hope for Tata Motors with JLR in dire straits
How long it would be before Tata Motors and the stock recoup their losses is anybody's guess
News of Jaguar Land Rover’s (JLR’s) two-week plant shutdown at Solihull in the UK did not go down well with investors of Tata Motors Ltd. After hitting new lows almost every day in the last five trading sessions, the stock plunged over 13% on Tuesday. The Solihull plant shutdown follows an earlier announcement of a three-day week at its Bromwich plant, also in the UK. The 12.3% year-on-year drop in JLR’s September retail sales accelerated the fall over the last three months. According to the company, the China market continues to be unsettled following “tariff changes and trade tensions" that pulled down retail sales by 46.2% in the region.