Tata Motors surges as its arm reports 31% rise in retail sales during Q1FY25
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Tata Motors is currently trading at Rs. 1020.50, up by 15.05 points or 1.50% from its previous closing of Rs. 1005.45 on the BSE.
The scrip opened at Rs. 1008.90 and has touched a high and low of Rs. 1025.45 and Rs. 1007.60 respectively. So far 134510 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. 593.50 on 25-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1025.45 and Rs. 986.80 respectively. The current market cap of the company is Rs. 339810.36 crore.
The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 35.34% and 18.30% respectively.
Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (India) (JLR) has reported 31% rise in retail sales to 1,371 units in Q1FY25 compared to 1,048 units in the same period last year. Sales of both Defender and Range Rover Evoque grew by more than 50 per cent with Defender being the highest-selling model in the portfolio. Range Rover, Range Rover Sport and Defender account for 75 per cent of the total order book.
The Defender remains the most sought-after model, and with the extraordinary response to the locally manufactured Range Rover and Range Rover Sport, the company remains confident of sustaining this momentum and delivering another successful year.
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.
