Shares of Tata Motors on Monday morning tanked nearly 13 per cent after the company-owned Jaguar Land Rover paused vehicle shipments from its facilities in the UK to the US to work out new trading terms in the wake of changes in the tariff structure.
The stock slumped 11.61 per cent to Rs 542.55 — its 52-week low — on the BSE.
At the NSE, it tanked 12.72 per cent to hit the 52-week low of Rs 535.75.
Stock market benchmark indices went into a tailspin in early trade on Monday, with the Sensex and Nifty crashing over 5 per cent, mirroring a sharp fall in global equities, after US President Donald Trump’s tariff hikes and retaliation from China fanned fears that a full-blown trade war will impact economic growth across the globe.