 "Tata Motors")
The Nifty Auto index gained 3.4 per cent on the National Stock Exchange (NSE) on Wednesday thanks to the investment deal in Tata Motors’ EV arm, which triggered a 20 per cent rally in the company’s shares.
Tata Motors holds approximately 12 per cent weight in the Nifty Auto index, and trails Maruti Suzuki and Mahindra & Mahindra.
The investment’s rub-off effect, coupled with demand recovery hopes ahead of the festive season, lifted other stocks as well. Shares of Ashok Leyland and M&M gained 5.6 per cent and 5.2 per cent, respectively, while TVS Motors, Bharat Forge, and Hero MotoCorp added up
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