Tata Motors CV shares plunge 6% amid a fall in NIFTY Auto index; all you need to know

At around 1:53 PM, the stock was trading 5.38% lower at ₹419.70 per equity share, as the NIFTY Auto index extended its fall for the third straight session, amid concerns over rallying crude oil prices caused by the rising hostilities in the Middle East.

The NIFTY Auto index was trading at 24,136.50, down by 961.50 points or 3.83% at the time of writing. The index slumped by as many as points to touch the day’s low of 24,111.70, compared to the close of 25,098.00 in the previous session. All 15 constituents in the NIFTY Auto were trading in the negative territory on Friday.

Broadly speaking, the NIFTY50 index crashed by as much as 508 points or 2.15% to an intraday low of 23,131.15. Meanwhile, the SENSEX tanked by 1,525.53 points or 2% to the session’s low of 74,508.89.

Order win

In a regulatory filing on Friday, Tata Motors CV announced that it secured cumulative orders of more than 5,000 buses and bus chassis from multiple State Transport Undertakings (STUs) across the country.

In a regulatory filing, the country’s largest commercial vehicle manufacturer stated that each tender was awarded through a competitive e-bidding process under the Government’s procurement system, with deployments scheduled in phases, as agreed with the respective STUs.

The company bagged the orders from MSRTC (Maharashtra State Road Transport Corporation), GSRTC (Gujarat), NWKRTC (North Western Karnataka), TGSRTC (Telangana), BSRTC (Bihar), RSRTC (Rajasthan), KSRTC (Kerala), Department of Road Transport (Haryana Roadways), and CTU (Chandigarh Transport Undertaking).

The automaker noted that it received the order for a wide range of its passenger mobility solutions, including Tata Magna, Tata Cityride, Tata Starbus, Tata Starbus Prime, Tata LPO 1618, LPO 1622 and LPO 1822 variants.

It stated that these buses and bus chassis are configured for intercity, long-haul, and intracity operations. Furthermore, it added that they are “designed to deliver reliable performance, passenger comfort and efficient operating economics across varied duty cycles.”

Commenting on the order win, Anand S, Vice President and Head of Commercial Passenger Vehicle Business of Tata Motors, said: “This recognition by multiple State Transport Undertakings reflects the deep trust placed in Tata Motors’ mobility solutions. Our buses are designed to deliver comfort, safety and long-term reliability across varied terrains and duty cycles.”

Tata Motors February updates

Tata Motors registered a 32% year-on-year (YoY) growth in its total sales to 42,940 commercial vehicle units in February 2026, compared to 32,533 units in the year-ago period.

Its domestic sales witnessed a 32.8% YoY surge, at 40,893 units during the month under review, as against 30,797 units in February 2025.

It clocked 2,047 sales for February 2026 in its international business, marking a 17.9% YoY jump from 1,736 units in the same month last year.

Tata Motors has a total market capitalisation of ₹1.55 lakh crore, as of March 13, 2026, according to data on the NSE.