Tata Motors shares slumped 5 percent on Friday, marking the biggest single-day fall since January 27.
Tata unit Jaguar Land Rover (JLR) reduces prices of three models sold in China.
Price cuts are in response to a probe in China`s auto industry, JLR China said.
Analysts say price cuts are a concern given the importance of profitability in China for JLR`s overall margins.
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