← Back to feedRead original →
VERIFIEDET Stocks·negative
Tata Motors PV, Maruti Suzuki, Ashok Leyland, auto stocks drop up to 3% as RBI signals rate cuts are ‘off the table’
AI Summary
- ·Auto stocks including Tata Motors PV, Maruti Suzuki, M&M and Ashok Leyland dropped on Wednesday.
- ·The RBI raised the repo rate and shifted to calibrated tightening.
- ·Analysts expect Q2 revenue growth to remain strong, but rising commodity costs, limited pricing power and elevated inventories could pressure margins and demand.