Tata Motors share price slips on cut down of production

TATAMOTORS

Tata Motors share price slipped on September 2 after the company was forced to cut down its production due to a shortage of semiconductors.

“Semiconductor shortage continues to impact the auto industry globally. The recent lockdowns in East Asia have worsened the supply situation and hence Tata Motors is forced to moderate production and offtake volumes in the coming months,” the company said in its release.

At 10:22 hrs Tata Motors was quoting at Rs 292.15, down Rs 3.05, or 1.03 percent on the BSE.

News Source:- MoneyControl

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