Simultaneous shift toward advanced EVs in the market dominated by local manufacturers such as BYD is also hurting the likes of JLR, Porsche AG and Mercedes-Benz Group AG
The decline in Tata Motors share came on the back of disappointing sales figures for Jaguar Land Rover (JLR) in the September quarter (Q2FY25).
The global semiconductor shortage has undermined the luxury carmaker's turnaround as it struggles to work through a debt reduction plan
Land Rover range posted sales of 28,346 units in the month, down 1.5 per cent, it added