Tata Motors PV Shares Dip 3% Despite 40% Q2 Sales Growth; Nifty Auto Index Falls

Economic Times Markets · stocks

Tata Motors Passenger Vehicles shares fell 3.47% to Rs 273.65 on Thursday, October 1, despite reporting a 40% year-on-year increase in Q2 FY27 passenger vehicle sales. The company sold 201,723 units in the quarter, up from 144,397 units in the previous year. This decline occurred amidst a broader downturn in the auto sector, with the Nifty Auto index dropping 4.47%. Tata Motors PV's stock has been under pressure, down 25% year-to-date. Electric vehicle sales were a key driver, surging 90% in Q2 FY27.