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Tata Motors slumps; JLR cuts prices in some China models

Source : REUTERS
Last Updated: Fri, Jul 25, 2014 18:21 hrs
Tata Motors logos are seen at their flagship showroom before the announcement of their Q3 results in Mumbai

Reuters Market Eye - Tata Motors shares slumped 5 percent on Friday, marking the biggest single-day fall since Jan. 27.

Tata unit Jaguar Land Rover (JLR) reduces prices of three models sold in China.

Price cuts are in response to a probe in China's auto industry, JLR China said.

Analysts say price cuts are a concern given the importance of profitability in China for JLR's overall margins.

(Reporting by Abhishek Vishnoi)


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