Tata Motors hits bumps in China

Tata Motors seems to have hit a few bumps today. The stock is in the red, down over 1.5% at Rs.544 levels and moods on the counter look subdued.

The moods have become somber on the counter on news reports coming in that General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), which is the quality watchdog of China has warned Britain that it will have to recall Range Rover Evoque SUVs due to faulty gearboxes.

On a Consumer TV show in China, the Land Rover came in for a lot of criticism and it also targeted Volkswage and Nissan. The Land Rover, as such, even before this, is being probed for alleged anti-competitive behavior, following which, Land Rover had said that it expects sales to halve this year in China.