Explained: Why shares of Tata Motors tanked over 8%

Shares of Tata Motors took a massive beating on Tuesday as it erased all early gains and closed over 8 per cent lower on the BSE. The stock started on a positive note and gained nearly 3.5 per cent to Rs 358.10 during the day. However, a massive sell-off emerged after Tata Motors owned jaguar Land Rover (JLR) raised an unexpected profit warning owing to global chip shortage.