It has been a strange year for Tata Motors. While shares of most passenger vehicle makers surged on hopes of a consumption recovery, the Tata Group company has gone the other way, sliding more than 12% year-to-date, making it the worst-performing stock among passenger vehicle makers in 2025. In contrast, Maruti Suzuki has gained around 40%, Mahindra & Mahindra about 22%, and Hyundai Motor India nearly 30% since January.