December, 21 2024 Saturday 18:26 Hrs
  • SENSEX :   78,041.59

  • Top commodity trading and broking companies in India-1,176.46( -1.49%) 20-Dec-2024
top-arrow-market
Sensex 78041.59 -1176.46  (-1.49) 20-Dec-2024
Previous Day Close
79218.05
Today's High/Low
High Low
  •  
  •  
79587.15 77874.59

Company News Details

Tata Motors Ltd
Industry :  Automobiles - LCVs / HCVs
BSE Code
ISIN Demat
Book Value()
500570
INE155A01022
83.1952891
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
TATAMOTORS
44.12
266513.44
EPS(TTM)
Face Value()
Div & Yield %
16.41
2
0.86
 

Tata Motors Ltd
Tata Motors slides as JLR wholesale drops 10% YoY in Q2
Oct 08,2024
The wholesale volume declined, due to restricted aluminium supplies. In addition, at the end of September, a temporary activate windows hold was placed on 6,500 vehicles, largely in the UK and Europe, to allow additional quality control checked to be performed. These vehicles will be wholesaled in the second half of the year.

During the quarter, the retail sales fell by 3% YoY to 103,108 units (including the Chery Jaguar Land Rover China JV).

JLR production in the quarter was restricted to 86,000 units, down 7% compared to the same quarter a year ago, as a result of supply disruptions from a key high-grade aluminum supplier that affected multiple OEMS.

According to company, retail sales for the first six months of the financial year were 214,288 units, up 3% YoY. Compared to the prior year, retail sales in the quarter were up 29% in the UK, up 9% in North America, down 22% in Europe, down 17% in China and down 6% overseas.

The overall mix of the most profitable Range Rover, Range Rover Sport and Defender models increased to 67% of total wholesale volumes.

The company expects both production and wholesale volumes to pick up strongly in the second half of the financial year as the aluminium supply situation normalises.

Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.

The company’s consolidated net profit jumped 73.77% to Rs 5,566 crore on 5.68% rise in total revenue from operations to Rs 1,08,048 crore in Q1 FY25 over Q1 FY24.

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.