In Wednesday’s trading session, shares of car maker Tata Motors experienced a sharp decline of 7% during the opening trade after the management expected slower growth in FY25. The share price of Tata Motors fell by 8.26% to reach an intraday low of Rs 960.10 on the NSE.

Auto major Tata Motors reported a consolidated net profit of Rs 17,529 crore for the quarter ended March 31, 2024, marking a 46% increase compared to the net profit of Rs 12,033 crore reported in the same period last year. 

The company exceeded Street expectations of Rs 6,255 crore. Revenue for the quarter reached Rs 1.20 lakh crore, representing a 13.3% year-on-year (YoY) growth but slightly missing Street’s estimates of Rs 1.21 lakh crore. 

Meet Subhasish Chakraborty, the…