Tata Motors down over 5 pct on plunge in Jan-March net profit

MUMBAI (Reuters) - Tata Motors shares fell over 5.5 percent on Wednesday after the company's net profit more than halved in the Jan-March quarter.

India's biggest automaker by revenue reported a surprise 56 percent drop in its March quarter net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market.

(Reporting by Suvashree Dey Choudhury; Editing by Anand Basu)