Tata fears 5800 JLRs damaged

However, the carmaker that owns both Jaguar and Land Rover, has previously stated that it would unveil at least two new passenger cars every year up to 2020 as to get growth and regain its market share in India.

The explosions are estimated to have killed 114 people, though this figure may rise further.

Jaguar Land Rover (JLR) said it was too early to tell how many vehicles were affected.

At the time of the explosion, around 5,800 vehicles that had recently been shipped to China were stored at various locations in Tianjin, the company said in a statement.

Shares in Tata Motors extended losses to more than 4 percent after the statement, and ended almost 3 percent lower in a weak Mumbai market.

Jaguar Land Rover expressed condolences to the families and friends of those who lost loved ones in the explosions in Tianjin.

The company said it has yet to determine the exact extent of the damage, joining other global carmakers such as Volkswagen AG (VOWG_p.DE), Hyundai Motor Co (005380.KS), Toyota Motor Corp (7270.T), Daimler DIAGn.DE and BMW AG (BMWG.DE) that are still counting up their losses.

The vehicles came from JLR assembly plants in the West Midlands and Liverpool and had recently arrived in Tianjin after being shipped from Britain.

The warehouse, designed to house unsafe and toxic chemicals, was storing mainly ammonium nitrate, potassium nitrate and calcium carbide at the time of the blasts, according to police.