November 30, 2018 / 4:28 AM / 6 months ago

BUZZ-India's Tata Motors falls; JLR to temporarily layoff staff at UK plant

** Shares in Tata Motors Ltd fall as much as 3.9 pct to 170.35 rupees, their lowest level since Oct. 29

** Co’s British unit Jaguar Land Rover (JLR) said on Thursday it is going to cut 500 jobs temporarily at its plant in central England

** More than 4.4 mln shares changed hands by 0418 GMT vs 30-day avg of 15.8 mln shares

** Britain’s biggest carmaker JLR said “external environment remains challenging”; co is taking decisive actions to achieve necessary operational efficiencies to safeguard long-term success

** Stock down nearly 59 pct this year as of last close

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