New Delhi, June 17 -- Shares of Tata Motors' Passenger Vehicles (TMPV), which also houses the Jaguar Land Rover (JLR) business, saw a sharp 10% decline in the afternoon deals on Wednesday, 17 June, as investors reacted sharply to the FY27 roadmap shared by the luxury car maker.

Tata Motors PV share price hit the day's low of Rs.355 on BSE. As of 2.50 pm, the Tata group stock was down 8.30% at Rs.360.95 apiece.

JLR shared its investor day update for the ongoing fiscal year, wherein it said that it is targeting a medium-term double-digit growth with an increased focus on North America.

After a tough FY26, the company expects its revenue and margins to improve while capex remains steady. It has pegged its FY27 revenue at £26 billion,...