Tata Motors Share Price: Tata Motors inched lower in early deals on Thursday after Mumbai's civic transport body Brihanmumbai Electricity Supply and Transport Undertaking (BEST) removed 400 Tata CNG buses from the roads following three incidents of the vehicle catching fire. Tata Motors shares declined by as much as Rs 2.3 or 0.5 per cent to Rs 427.2 apiece on BSE.

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BEST said the decision is in view of incidents of fire in the vehicle and that it would reverse the move once the safety of passengers is ensured. 

"Though it may cause inconvenience to commuters but public safety is of utmost importance to BEST and we can not compromise on that. There may be some changes in the schedules due to this. Commuters may keep this in mind while planning the journey for next few days," BEST said on Twitter.

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In a separate development, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a minority stake in its electric vehicle division, according to news agency Reuters.  

Read here- Tata Motors in talks to raise $1 billion via stake sale in EV business

Tata Motors share price history 

Tata Motors shares have lost around 10 per cent of their value in the past one year, underperforming the Nifty50 benchmark which has risen 2.5 per cent during this period.

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