June 25, 2018 / 5:59 AM / 5 months ago

BUZZ-India's Tata Motors falls as U.S. auto tariffs loom

** Shares of Tata Motors Ltd slide as much as 3.9 pct to 296 rupees, in their biggest intraday pct drop since May 24

** U.S. President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 pct tariff on all U.S. imports of European Union-assembled cars

** Trump tweeted the same after European Union reprisals took effect against U.S. tariffs on European steel and aluminum, targeting $3.2 bln in American goods exported to the 28-member bloc

** Analysts say they expect Jaguar Land Rover (JLR) vehicles exported to the United States to take a big hit if Trump imposes auto tariffs

** JLR, Britain’s biggest automaker, is the company’s largest business which contributed nearly 77 pct to Tata Motors’ total revenue in the year ended March 31, 2018

** More than 6.1 mln shares change hands, compared with 30-day moving avg of 13.8 mln

** As of Friday, stock had fallen 28.7 pct this year

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