Shares of Tata Motors dropped 3.2% to Rs 769.45, the intraday low. On January 9, the stock was one of the biggest losers in the Nifty 50. Following the release of a 3% decline in retail sales of 106,334 units during the October to December quarter of FY25 by its subsidiary Jaguar and Land Rover (JLR), the share price fell. Nonetheless, over the same time frame, the company reported a 3% gain in wholesale sales. For the reviewed quarter, 104,427 wholesale units were sold. In comparison to Q2, wholesale volumes increased by 20% sequentially.
In Q3 FY25, Jaguar Land Rover, or JLR, sold 104,427 automobiles (excluding the Chery Jaguar Land Rover China joint venture). This represents a 3% annual increase over Q3 FY24. Wholesale volumes during the third quarter (the three months ending December 31, 2024) showed a favorable uptick following supply issues in the second quarter of FY25. At the same time, JLR wholesales grew by 20%. In contrast to North America (44% higher) and Europe (6% higher) relative to the prior year, wholesale volumes were lower in China (38% lower), the UK (17% lower), and abroad (1% lower), according to a business announcement.
Tata Motors performance in Q2
The company’s standalone net profit decreased by 62.4% year over year to Rs 477 crore in Q2 FY25 from Rs 1,270 crore in Q2 FY24 during the most recent quarter. In the second quarter of FY25, revenue from operations dropped 16.3% year over year to Rs 15,518 crore from Rs 18,542 crore in the second quarter of FY24. Slow consumer demand and seasonal reasons contributed to the decline in revenue and profit for the demerged Tata Motors, the company stated in its earnings release.
About Tata Motors
The company was first established as the Tata Locomotive and Engineering Company Limited in 1945. Tata Motors Limited was the new name of the corporation in 2003. Tata Motors is a multinational automaker that manufactures a range of electric, commercial, and passenger cars. In the quickly evolving Indian automobile sector, the business is spearheading the country’s transition to electric vehicles and preserving its leading position. With the 1986 launch of the Tata 407 Light Commercial Vehicle (LCV), the firm started to make waves. The first passenger cars (PVs) were produced in India by Tata Motors in 1991.