Tata Motors Global Wholesales Slip 3% In March Quarter
Total wholesales stood at 3,66,177 units during the quarter, compared to 3,77,432 units in the corresponding period last fiscal.
Tata Motors on Tuesday reported a 3% decline in group-wide global wholesales for the quarter ended March 2025. The figures include sales from its British arm Jaguar Land Rover.
Total wholesales stood at 3,66,177 units in the three-month period, compared to 3,77,432 units in the same quarter of the previous financial year.
Commercial vehicle sales, including the Tata Daewoo range, came in at 1,07,765 units during the quarter, also down 3% from a year ago.
Passenger vehicle wholesales fell 6% to 1,46,999 units over the year-ago period.
Jaguar Land Rover volumes, however, bucked the trend. Global wholesales of the luxury arm rose 1% year-on-year to 1,11,413 vehicles. Of this, Land Rover accounted for 1,04,343 units, while Jaguar contributed 7,070 units.
The update comes ahead of Tata Motors’ earnings announcement for the quarter and the year ending March 2025.
Tata Motors Share Price Today
Tata Motors stock rose as much as 4.63% during the day to Rs 606.6 apiece on the NSE. It was trading 2.08% higher at Rs 591.8 apiece, compared to a 2.03% advance in the benchmark Nifty 50 as of 1:09 p.m.
It has fallen 41.47% in the last 12 months and 19.87% on a year-to-date basis. The total traded volume so far in the day stood at 1.5 times its 30-day average. The relative strength index was at 30.96.
Twenty out of the 34 analysts tracking the Tata Group stock have a 'buy' rating on it, eight recommend a 'hold' and six suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 795.47, implying an upside of 34.2%.
