Tata Motors shares plunge on weak earnings at Jaguar Land Rover

Tata Motors shares skidded on Tuesday after second-quarter profit missed estimates by a wide margin due to a weak performance at its Jaguar Land Rover unit, although analysts said they expect earnings to improve in the months ahead. The results, out late on Monday, come amid a power struggle between Tata group holding company Tata Sons and its former chairman Cyrus Mistry, who was ousted last month but remains the chairman of Tata Motors. Hedging losses and a one-time provision related to new cu