Tata Motors shares fell on Wednesday after the company reported flat domestic sales for March 2025 in an exchange filing late Tuesday evening.
Investor sentiment was further weighed down by confirmation that United States President Donald Trump will impose a 25% tariff on imported cars, trucks, and key auto components. The tariff, set to be officially announced Wednesday night, will take effect immediately.
Tata Motors stock dropped 1.45% in early trade, extending its decline.
Jaguar Land Rover, Tata Motors' UK-based unit, is the only Indian automaker with significant US exposure. JLR's North American sales jumped 21% in financial year 2024, and wholesale volumes rose 44% in the December quarter. Land Rover ranked 25th among the top-selling US car brands in 2024, with 106,650 units sold, according to CarPro.
The new tariffs will also apply to key components such as engines and transmissions, with additional parts potentially taxed from May 3. While the long-term impact remains uncertain, the move has dented investor sentiment, given JLR's reliance on the US market.
Tata Motors March Sales
Tata Motors' domestic sales remained largely flat at 90,500 units in March 2025, compared to 90,822 units a year ago.
Total domestic sales down 5% in Q4 2025 at 2,45,891 units
Total domestic sales down 4% in FY25 at 9,12,155 units
Total commercial vehicle sales for March 2025 dropped 3% at 41,122 units.
Total passenger vehicle sales for March 2025 gained 3% at 51,872 units.
Tata Motor stock fell as much as 1.45% during the day to Rs 662.10 apiece on the NSE. It was trading 0.92% lower at Rs 665.70 apiece, compared to an 0.34% advance in the benchmark Nifty 50 as of 10:10 a.m.
It has fallen 33.74% in the last 12 months and 11.16% on a year-to-date basis. The relative strength index was at 45.
Twenty-one out of the 34 analysts tracking Tata Motors have a 'buy' rating on the stock, eight recommend a 'hold' and five suggest a 'sell', according to Bloomberg data.
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