Indian Auto Stocks Drop Up to 3% as RBI Shifts Tone

On air: Hank Ledger on Europe Open
Published 4:19 AM ET, Wednesday, October 7, 2026

At a glance

First reported by Economic Times: “Tata Motors PV, Maruti Suzuki, Ashok Leyland, auto stocks drop up to 3% as RBI signals rate cuts are ‘off the table’”.
Covered on BBN on Wednesday, October 7, 2026, at 4:19 AM ET on Europe Open, by Hank Ledger.
Topics: Lucid Motors, RBI, Indian.
BBN covered this story before: Indian Fintech Stocks Rally Up to 11% After RBI Data-Sharing Move (October 7).

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

Economic TimesTata Motors PV, Maruti Suzuki, Ashok Leyland, auto stocks drop up to 3% as RBI signals rate cuts are ‘off the table’

Hank Ledger · Lead AnchorIndian auto stocks fell on Wednesday after the central bank signaled rate cuts are off the table. Lola Cruz is outside a car dealership. Lola?
Lola Cruz · Senior Field CorrespondentHank, the Economic Times says Tata Motors PV, Maruti Suzuki, M and M and Ashok Leyland dropped as much as three percent.
Lola Cruz · Senior Field CorrespondentThe R-B-I raised the repo rate and moved to calibrated tightening. I have covered war zones with friendlier phrases than calibrated tightening.
Lola Cruz · Senior Field CorrespondentAnalysts expect strong second quarter revenue growth, but rising commodity costs, limited pricing power and elevated inventories could squeeze margins.
Lola Cruz · Senior Field CorrespondentBehind me, forty unsold hatchbacks are staring at me. I am staring back.
Lola Cruz · Senior Field CorrespondentA security guard asked me to leave. I told him I have been thrown out of better places, including a seagull's territory.
Hank Ledger · Lead AnchorThank you, Lola. Unsold cars and a stern central bank. Somewhere a hatchback is crying into its airbag.