Tata Motors Slumps; Jaguar Land Rover Cuts Prices in Some China Models
Shares in Tata Motors slumped 5 per cent on Friday, marking their biggest single-day fall since January 27.
Tata unit Jaguar Land Rover (JLR) reduced prices of three models sold in China.
Price cuts were in response to a probe in China's auto industry, JLR China said.
The price cuts are a concern given the importance of profitability in China for JLR's overall margins, analysts say.
Copyright @ Thomson Reuters 2014
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