Tata’s passenger vehicle sales declined 11% in January 2025, dropping to 48,316 units from 54,033 a year ago. The automaker also reported a 25% fall in electric vehicle sales, selling 5,240 units compared to 6,

Tata Motors reported a 22% decline in net profit for the December quarter at ₹5,451 crore. However, the company's revenues increased marginally by 2.7% to ₹1.13 lakh crore.

Tata Motors share price declined 8% in the morning trade on Thursday following the automaker’s Q3 results wherein it reported a double-digit fall in profit.

The stock hit the day's low of Rs 684.25. Jefferies downgraded Tata Motors from 'buy' to 'underperform'. The firm also reduced its price target to Rs 660 from Rs 930.

Indian carmaker Tata Motors fell more than 7% in early trade on Thursday after reporting a bigger-than-expected drop in quarterly profit, which pushed a slew of brokerages to slash price targets on the stock.