We consider a coupled top model describing two interacting large spins, which is studied semiclassically as well as quantum mechanically. This model exhibits a variety of interesting phenomena such as a quantum phase transition (QPT), a dynamical transition, and excited-state quantum phase transitions above a critical coupling strength. Both classical dynamics and entanglement entropy reveal ergodic behavior at the center of the energy density band for an intermediate range of coupling strength above QPT, where the level spacing distribution changes from Poissonian to Wigner-Dyson statistics. Interestingly, in this model we identify quantum scars as reminiscent of unstable collective dynamics even in the presence of an interaction. The statistical properties of such scarred states deviate from the ergodic limit corresponding to the random matrix theory and violate Berry's conjecture. In contrast to ergodic evolution, the oscillatory behavior in the dynamics of the unequal time commutator and survival probability is observed as the dynamical signature of a quantum scar, which can be relevant for its detection.