Auto stocks slide despite blockbuster April sales; TVS posts record FY profit
Nifty Auto fell over 1% on May 14 even as SIAM data showed April PV dispatches up 25.4% YoY to 4.37L units and 2W sales up 28.4% to 18.7L. TVS Motor logged record FY profit of ₹3,524 cr; Tata Motors Q4 profit jumped 69.6% to ₹2,406 cr on 22% revenue growth.
What happened
Nifty Auto fell over 1% on May 14, 2026 despite SIAM April data showing PV dispatches up 25.4%, 2W up 28.4%. TVS Motor posted record FY profit of ₹3,524 cr;
Key facts
- Nifty Auto -1%
- PV dispatches +25.4% YoY to 4,37,312 units April 2026
- 2W sales +28.4% YoY to 18,72,691 units
- 3W +32.8% YoY to 65,668 units
- TVS FY profit ₹3,524 cr
- TVS sales ~5.9 mn vehicles
- TVS capex ₹3,500 cr
- Tata Motors Q4 profit ₹2,406 cr +69.56% YoY
- revenue ₹24,452 cr +22% YoY
Why this matters
Valuation dislocation between strong fundamentals and weak tape opens a window for strategic stake builds or 2W/EV bolt-on talks at softer multiples.