Tata Motors slumps 5% over delayed Brexit deal vote; investors book profit

Jaguar Land Rover Automotive Plc (JLR) is Britain's largest automobile manufacturer, housing two iconic British brands under the Tata group.

Shares of Tata Motors slumped 5 per cent to Rs 129.85 on the BSE on Tuesday as Brexit divorce deal faced fresh blockade from the United Kingdom Parliament.

At 10:40 am, stock of the Indian automobile manufacturer was trading nearly 4 per cent lower at Rs 131.45. In comparison, the S&P BSE Sensex as trading 0.25 per cent lower at 39,202 level. A total of 3.5 million shares have changed hands so far on the NSE and BSE. So far in 2019, the stock has slipped 21 per cent.

Jaguar Land Rover Automotive Plc (JLR) is Britain's largest automobile manufacturer,