Tata Motors Passenger Vehicles declines as its arm reports 43% fall in Wholesale volumes in Q3FY26
Tata Motors Passenger Vehicles is currently trading at Rs. 368.85, down by 4.65 points or 1.24% from its previous closing of Rs. 373.50 on the BSE.
The scrip opened at Rs. 370.05 and has touched a high and low of Rs. 371.40 and Rs. 360.25 respectively. So far 756597 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 500.55 on 09-Jan-2025 and a 52 week low of Rs. 335.30 on 18-Dec-2025.
Last one week high and low of the scrip stood at Rs. 375.00 and Rs. 360.25 respectively. The current market cap of the company is Rs. 135841.20 crore.
The promoters holding in the company stood at 42.57%, while Institutions and Non-Institutions held 34.46% and 22.97% respectively.
Tata Motors Passenger Vehicles’ wholly owned subsidiary -- Jaguar Land Rover Automotive (JLR) has registered 43.3% fall in Wholesale volumes of 59,200 units in third quarter of FY26 (Q3FY26) (excluding the Chery Jaguar Land Rover China JV (CJLR)) as compared to the same quarter a year ago and down 10.6% compared to Q2FY26. The overall mix of Range Rover, Range Rover Sport and Defender models was 74.3% of total wholesale volumes in Q3FY26, up from 70.3% in Q3FY25 and down from 76.7% in the prior quarter.
Retail sales for the third quarter of 79,600 units (including CJLR) were down 25.1% year-on-year and down 6.7% compared to Q2FY26. Compared to the prior year, retail volumes for the third quarter were down in all markets, comprising the UK which was down 13.3%, North America down 37.7%, Europe down 26.9%, China down 18.4%, Middle East and North Africa down 18.7% and Overseas down 14.1%. Production returned to normal levels only by mid-November post the cyber incident. Due to this and also the time required to distribute vehicles globally once produced, wholesale and retail volumes reduced on a quarter-on-quarter and year-on-year basis. In addition, the planned wind down of legacy Jaguar models ahead of the launch of new Jaguar, and incremental US tariffs impacting JLR’s US exports, continued to impact volumes.
TataMotors Passenger Vehicles (formally known as Tata Motors) is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors Passenger Vehicles 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.
