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TheStreet Open House

How Will Tata Motors (TTM) Stock Be Affected By Land Rover Recall?

NEW YORK (TheStreet) -- Tata Motors (TTM) Jaguar Land Rover unit is recalling 40,551 Land Rover sport utility vehicles in the U.S. because the front passenger air bag may not deploy due to a part failure, according to documents filed with U.S. safety regulators, Reuters reports.

There have been no reports of accidents or injuries relating to the issue in the U.S., the filings with the National Highway Traffic Safety Administration said.

The company is recalling certain 2010 to 2015 LR2 luxury compact SUVs, and 2012 and 2013 Range Rover Evoque SUVs, because a part in the occupant classification system electronic control unit may fail, disabling the passenger air bag partially or completely, Reuters said.

Must Read: Warren Buffett’s 25 Favorite Stocks

 

Shares of Tata Motors closed at $41.84 yesterday.

 <TTM ChartTTM data by YCharts

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