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.

 

Shares of Tata Motors closed at $41.84 yesterday.

 <TTM ChartTTM data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

More from Markets

What Market Selloff? Dow Futures Are Popping on Sunday

What Market Selloff? Dow Futures Are Popping on Sunday

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric