New Delhi, March 27 -- Tata Motors Passenger Vehicles came under pressure on Friday, March 27, falling over 5% to an intraday low of Rs.301.10 on the BSE, after media reports suggested that production at its luxury vehicle arm, Jaguar Land Rover (JLR), may have been disrupted due to a temporary shutdown at its Solihull plant in the UK.
The latest development has once again put the spotlight on JLR, which remains a key earnings driver for Tata Motors. According to a Reuters report, the automaker has temporarily halted production on certain vehicle lines at the Solihull facility for two weeks because of a supplier-related parts issue.
The shutdown also overlaps with a pre-scheduled Easter holiday closure and is expected to affect producti...
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