Tata Motors gains on reporting marginal rise in total domestic wholesales in March 2024
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Tata Motors is currently trading at Rs. 997.05, up by 4.95 points or 0.50% from its previous closing of Rs. 992.10 on the BSE.
The scrip opened at Rs. 999.70 and has touched a high and low of Rs. 999.70 and Rs. 993.25 respectively. So far 20123 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 419.45 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1009.75 and Rs. 976.90 respectively. The current market cap of the company is Rs. 329748.15 crore.
The promoters holding in the company stood at 46.37%, while Institutions and Non-Institutions held 36.02% and 17.60% respectively.
Tata Motors has reported 2% rise in its total domestic wholesales at 90,822 units in March. In the year-ago period, the company posted total domestic wholesales of 89,351 units. Sales of passenger vehicles, including electric vehicles, in the domestic market, were at 50,297 units in March as compared to 44,225 units in the same period last year, up 14%.
Total commercial vehicle dispatches in the domestic market last month stood at 40,712 units, down 10% as against 45,307 units in March 2023. For the fiscal ended March 31, 2024, the company’s total wholesales in the domestic market stood at 9,49,015 units, up 2% from 9,31,957 units in 2022-23. Last fiscal, passenger vehicle wholesales stood at 5,73,495 units, up 6% from 5,41,087 units in FY2022-23. Commercial vehicle dispatches in the domestic market declined by 4% to 3,78,060 units last fiscal from 3,93,317 units in the year-ago period.
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.
