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Market move▼ Bearish for Tata Motors PV
Tata Motors PV shares fall over 3% despite 40% Q2 sales growth; Nifty Auto index down over 4%
The brief
- Tata Motors PV shares fell over 3% despite 40% year-on-year Q2 sales growth
- The Nifty Auto index declined more than 4%
- Weak auto-sector sentiment weighs on Tata Motors PV and other Indian automakers
- Tata Motors PV September sales cross 70,000, while EVs make up 23% of Q2 sales
- September Auto Sales Live Updates: Maruti, M&M, Tata Motors And More To Declare Sales Today; Force Motors Sales Up 62%
- Automakers welcome CAFE-III rules; Citi favours Maruti, M&M and Hyundai
- Tata Motors PV Share Price Live Updates: Tata Motors PV Stock Details
- CAFE 3 norms retain weight-based formula, with no small-car carve-out
Tata Motors passenger-vehicle expansion
Tata Motors launched the Aeris compact sedan at an introductory price of ₹5.29 lakh and expanded battery-as-a-service across its EV range. The company is targeting 20% domestic passenger-vehicle market share by FY31; Q2 FY27 sales rose 40%.
Thursday, 1 October
- Tata Motors PV shares fall over 3% despite 40% Q2 sales growth; Nifty Auto index down over 4%