Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Tata Motors Stock Slips 3% as JLR Chief Issues 'No Deal' Brexit Warning

JLR boss Ralf Speth said that fears of a so-called "no-deal" Brexit and lack of clarity over Britain's post-Brexit plans threatens the UK-based luxury carmaker's entire operational set up.

PTI

Updated:September 12, 2018, 11:41 AM IST
facebookTwitterskypewhatsapp
Tata Motors Stock Slips 3% as JLR Chief Issues 'No Deal' Brexit Warning
Photo for representation only. (Image: Reuters)
Loading...

New Delhi: Shares of Tata Motors Wednesday slipped as much as three per cent in morning trade on bourses after the Jaguar Land Rover (JLR) issued a warning to the UK government of massive losses if Britain was to leave the European Union (EU).

JLR CEO Ralf Speth, who was speaking at the Zero Emission Vehicle Summit in Birmingham, Tuesday said that fears of a so-called "no-deal" Brexit and lack of clarity over Britain's post-Brexit plans threatens the UK-based luxury carmaker's entire operational set up.

Following the development, shares of Tata Motors opened on a weak note at Rs 269.80, then slipped to a low of Rs 259, down by 3.06 per cent over its previous closing price.

On NSE, the Tata Motors stocks opened at Rs 142.95, then lost ground and fell to a low of Rs 139.40, down 2.34 per cent over its last close.

"Just one part missing could mean stopping production at a cost of 60 million pounds a day. That is a huge risk. We depend on free, frictionless, seamless logistics," he said.

Back in July, the JLR CEO had issued a similar statement warning the UK government against a "bad Brexit deal".

The UK's largest carmaker has witnessed a complete turnaround in its fortunes since, Tata Motors acquired the traditional British brands from Ford 10 years ago.

| Edited by: Nitya Thirumalai
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 612.25 -1.50
Yes Bank 113.05 2.73
Axis Bank 788.60 0.89
Reliance 1,294.15 -0.13
Tata Steel 510.60 2.53
Company Price Change %Gain
HDFC Bank 2,467.10 1.58
Bharti Airtel 345.35 -0.89
Indiabulls Hsg 612.05 -1.56
Yes Bank 113.10 2.77
SBI Life Insura 716.55 6.17
Top Gainers
Company Price Change %Gain
Vedanta 177.85 4.40
Power Grid Corp 209.65 3.99
JSW Steel 277.15 3.78
Sun Pharma 399.45 3.55
Hindalco 208.35 2.89
Company Price Change %Gain
Vedanta 177.85 4.40
Power Grid Corp 209.85 4.12
Sun Pharma 399.30 3.59
Yes Bank 113.10 2.77
Tata Steel 510.50 2.59
Top Losers
Company Price Change %Gain
Britannia 2,732.90 -2.66
Indiabulls Hsg 612.25 -1.50
Infosys 739.20 -1.19
IndusInd Bank 1,434.80 -1.02
Bharti Airtel 345.55 -0.87
Company Price Change %Gain
Infosys 739.65 -1.12
IndusInd Bank 1,435.30 -1.02
Bharti Airtel 345.35 -0.89
Maruti Suzuki 6,477.00 -0.68
TCS 2,253.70 -0.58

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results