Tata Motors Drops 10% As JLR Warns Of "Greater" Chip Shortages In Q2

Shares of Tata Motors, the parent of luxury car maker Jaguar Land Rover, crashed as much as 10 per cent to hit an intraday low of Rs 311.45 on the BSE after the company warned of negative operating profit margin or EBIT margin in the second quarter of current financial year as it expects chip supply shortages to be greater than in the first quarter.