Jaguar Woes Lead to Tata Motors Loss for the History Books

Tata Motors stock has biggest drop since 1993 on record loss
Quarterly loss of $3.8 billion stems from waning China demand

Bloomberg’s P R Sanjai explains why Tata Motors had to report the biggest loss in India’s corporate history.(Source: Bloomberg)

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By Sanjai P R and Rahul Satija

February 7, 2019 at 12:30 PM UTC

Updated on

February 8, 2019 at 10:33 AM UTC

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The China slowdown sending tremors through the business world has resulted in the biggest record loss in India’s corporate history.

Tata Motors Ltd. shares had their biggest drop in 26 years in Mumbai trading after the company unveiled a writedown in its luxury Jaguar Land Rover Automotive Plc unit. The shares plunged 17.6 percent, the most since February 1993, to 150.7 rupees after declining as much as 30 percent.