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Tata Motors Falls as Jaguar Recalls Sports Cars in The US


Shares in Tata Motors fell after reports that Jaguar has recalled sports cars in the US. After dropping one per cent the stock recovered and was down marginally at 0.13 per cent at Rs 505 on the National Stock Exchange.


 Tata Motors Falls as Jaguar Recalls Sports Cars in The US
Tata Motors: Quotes, News
BSE 312.35BSE Quote13.5 (-4.32%)
NSE 312.25NSE Quote13.75 (-4.40%)
Reuters reported that Jaguar Land Rover is recalling 7,079 Jaguar F-Type sports cars in the United States because potential incorrect wiring could lead to the front passenger air bag not activating, according to documents filed with U.S. safety regulators.

Jaguar and Land Rover is owned by Tata Motors, and has helped the company drive sales and profitability in the last few years.

Dealers say this maybe a temporary aberration to the stock which has managed to rally sharply in the last few years.

Story first published: Wednesday, December 10, 2014, 11:11 [IST]
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