Tata Motors PV shares fall over 5%, tracking the broad slump in auto index
Tata Motors PV shares fall over 5%, tracking the broad slump in auto index is drawing significant interest across the industry.
Tata Motors domestic passenger vehicle sales rose 34% YoY to 62,329 units in February, while EV sales jumped 57% to 8,385 units. However, a cyber incident at Jaguar Land Rover caused a Q3 loss of Rs 3,486 crore and a 26% drop in revenue. Analysts say the stock remains sensitive to JLR performance, global demand, and margin recovery.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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