Shares of Tata Motors eased 1.5% to Rs 545 after amid a media report saying that China quality regulator directed the company's overseas arm Jaguar Land Rover to recall Range Rover Evoque SUVs because of defective gearboxes
The Tata Motor Ltd-owned carmaker must take immediate measures to recall and repair defective vehicles and extend their warranty period, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said on its website on Thursday.
AQSIQ said it had also asked the firm and its dealers to contact buyers to organise after-sales services like repairs, and had advised customs authorities to monitor imports of the Evoque SUVs, Reuters reported.
The stock opened at Rs 549 and touched a high of Rs 541. Till 12:10PM, over 1.9 million shares were traded on both the stock exchanges.
