Published on 11/08/2017 10:33:51 AM | Source: IANS

Tata Motors skids over 6% on terminating deal with Volkswagen

Posted in | #Tata Motors Ltd. #Volkswagen #Auto Sector #Stock On The Move


Shares of Tata Motors tumbled over 6 per cent on the Bombay stock Exchange after media report suggested that auto major has decided to terminate plan to develop cars with Volkswagen for emerging markets. Weighed down by development, shares of the company declined as much as 6.02 per cent to hit intra-day low of Rs 357.95 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 371.10 against previous close price of Rs 380.90. In a similar fashion, shares of the company were trading 2.35 per cent lower at Rs 371.25 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,274.73, down 256.60 points, or 0.81 per cent, at 9:45 hours.