Tata Motors PV shares fall over 5%, tracking the broad slump in auto index
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Shares of Tata Motors’ passenger vehicle business fell more than 5% in Wednesday’s trade, tracking a broader decline in the Nifty Auto Index. The drop comes amid overall market weakness, with the benchmark Nifty down nearly 500 points due to the US-Iran conflict. "The uncertainty related to the war in West Asia will loom large over the market in the near term. The major risk from the market perspective is the energy risk arising from the surge in crude," said VK Vijayakumar, Chief Investment Strategist at Geojit Investments. The company recently reported robust year-on-year (YoY) sales growth for February, with total sales jumping 35% to 63,331 units, compared with 46,811 units in the same month last year. Domestic passenger vehicle sales rose 34% YoY to 62,329 units, up from 46,435 units a year ago. International passenger vehicle sales also expanded significantly, increasing to 1,002 units from 376 units in February 2025. Elec...