Tata Motors Limited (TATAMTRDVR.NS)

NSE - NSE Real Time Price. Currency in INR

760.00

-8.65

(-1.13%)

At close: 03:30PM IST

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Reuters
India's Tata Motors slumps as UBS warns of 'significantly' weaker results
Shares of Tata Motors - India's largest carmaker by revenue - fell 5.6% on Wednesday to log their third-worst day this year after UBS said rising discounts could hurt the results of Jaguar Land Rover (JLR), its British luxury car division. This is the stock's steepest decline in a nine-session losing streak where it has lost 12.8%. "Rising discounts, moderating growth and a lack of any new internal combustion engine and hybrid launch could result in significantly weaker financials (for JLR) for fiscal 2026," UBS said in a note.