Tata Motors rides high as its arm targeting revenue of over 30 billion pounds by FY26
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Tata Motors is currently trading at Rs. 567.60, up by 5.80 points or 1.03% from its previous closing of Rs. 561.80 on the BSE.
The scrip opened at Rs. 567.00 and has touched a high and low of Rs. 569.00 and Rs. 563.70 respectively. So far 200984 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 576.50 on 08-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 576.50 and Rs. 557.15 respectively. The current market cap of the company is Rs. 188561.02 crore.
The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 33.17% and 18.86% respectively.
Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has planned an annual investment of 3 billion pounds, while targeting revenue of over 30 billion pounds by FY26. Jaguar Land Rover, which makes SUVs such as Range Rover, Defender and Discovery under the Land Rover brand and Jaguar luxury cars, expects to have revenue of over 28 billion pounds in FY24.
Under its 'Reimagine' strategy, which was designed to address the key challenges facing its business, JLR had aimed to become a more agile business, with a simplified manufacturing operation and an ambition to achieve positive cash net-of-debt by 2025.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
