The folks at Tata Motors are right now hating the word ‘China’

Tata Motors, India's top commercial vehicle maker, slumped to a fresh 52-week low as car-maker's main market -- China -- hit a downdraft.

Tata Motors' wholly owned subsidiary -- Jaguar Land Rover -- gets a substantial chunk of its revenues from sales in China, where both the economy and the stock markets are undergoing a period of strong volatility. Authorities shut down parts of Chinese stock markets after the main index slumped an additional 5 percent in early deals today. The Chinese economy is slowing down, which in turn is affecting overall demand in the world's second biggest GDP.

Tata Motors, meanwhile, hit its lowest level since April 2014. Its Futures were the second most active counter on the F&O market, with a loss of 6.8 percent, or 29.25 rupees, at 403.95.

(image credits: theviewspaper)