Tata Motors hits lowest level since September 2011 as stock skids 7%

In the past three months, the stock has tanked 36 per cent, as compared to a 4 per cent decline in the Sensex.

Shares of Tata Motors slipped almost 8-year low of Rs 137, down 7 per cent on the BSE on Monday, as analysts lowered estimates in view of the challenges in Jaguar Land Rover (JLR) business and ongoing slowdown in the domestic operations.

The stock of commercial vehicles maker was trading at its lowest level since September 13, 2011, when it touched Rs 136 in the intra-day trade.

Tata Motors was the largest loser among the S&P BSE Sensex, which was down 0.55 per cent at 37,672 levels at 03:17 pm. In the past three months, the stock has