Tata Motors trades lower despite its arm reports 3% rise in Wholesale volumes in Q3FY25
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Tata Motors is currently trading at Rs. 782.25, down by 12.60 points or 1.59% from its previous closing of Rs. 794.85 on the BSE.
The scrip opened at Rs. 798.95 and has touched a high and low of Rs. 809.95 and Rs. 769.65 respectively. So far 592587 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1179.05 on 30-Jul-2024 and a 52 week low of Rs. 718.00 on 23-Dec-2024.
Last one week high and low of the scrip stood at Rs. 809.95 and Rs. 761.90 respectively. The current market cap of the company is Rs. 287919.18 crore.
The promoters holding in the company stood at 42.58%, while Institutions and Non-Institutions held 36.94% and 20.49% respectively.
Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (UK) (JLR) has registered 3% rise in Wholesale volumes of 104,427 units in the third quarter of FY25 (excluding the Chery Jaguar Land Rover China JV) as compared to the same quarter a year ago and up 20% compared to the prior quarter ended September 30, 2024. Compared to the prior year, wholesale volumes were higher in North America (+44%) and Europe (+6%), and lower in China (-38%), the UK (-17%) and Overseas (-1%). Wholesale volumes for the financial year to date were 289,485, down 1% compared to the prior year.
Retail sales of 106,334 units in the third quarter (including the Chery Jaguar Land Rover China JV) were down 3% compared to Q3FY24 and up 3% compared to Q2FY25. Retail sales for the financial year to date were 320,622, up 1% compared to the prior year.
The overall mix of the most profitable Range Rover, Range Rover Sport and Defender models increased to 70% of total wholesale volumes. In the quarter, demand for Range Rover was particularly strong with wholesale volumes up 48% compared to Q2FY25, partly due to the resolution of temporary supply chain disruptions, but also up 22% compared to the same quarter a year ago, representing continued strong demand.
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.
