Tangmarg, June 17 : A tourist vehicle met with a road accident near the Tangmarg Public Park on Wednesday morning after its brakes reportedly failed, causing panic among passengers and locals alike. However, no loss of life was reported in the incident.  Official sources told news agency Kashmir News Service (KNS) that a tourist tempo, bearing registration number JK01AV3629, was on its way from the famous ski-resort of Gulmarg to Srinagar when the driver lost control over the vehicle due to an alleged brake failure.