The northward move in the Tata Motors share today came after domestic brokerage DAM Capital upgraded Tata Motors to 'Buy' from 'Neutral'
The decline in Tata Motors share came on the back of disappointing sales figures for Jaguar Land Rover (JLR) in the September quarter (Q2FY25).
In the past week alone, Tata Motors' stock has climbed 18 per cent following an upgrade from brokerage firm Nomura, which set a 'Buy' rating and a target price of Rs 1,294 per share.
We have the full EV starting with the Range Rover around the end of next year, Amba said
Analysts anticipate robust results for Tata Motors, propelled by the advantages of operating leverage, favourable commodity trends and strong volume growth across its various segments
Jaguar Land Rover (JLR) India on Thursday reported its highest-ever performance in the first half of this fiscal with sales of 2,356 units. The automaker had retailed around 1,194 units in the April-September period of the last financial year. The strong half-yearly growth was driven by record sales in both quarters, with Q2 witnessing a 108 per cent year-on-year (YoY) growth and retails of 1,308 units, JLR India said in a statement. The company had previously reported a 102 per cent sales growth in Q1, compared to the same period last year, it added. "The consistent growth in our order book exemplifies the growing strength of our brand and products in the hearts of Indian consumers," JLR India Managing Director Rajan Amba stated. The company would continue to introduce new products that are best suited to meet the discerning needs of customers and invest in strengthening brand desire and client experience, he added. The order book in FY24 has seen consistent growth, with the fir
UK-based Jaguar Land Rover (JLR) luxury carmaker on Wednesday announced a major investment plan of GBP 15 billion over five years, backed up by a Gigafactory planned by Indian parent company Tata Group in Europe. JLR Chief Executive Adrian Mardell confirmed plans for the company's plant in Halewood, north-west England, to become an all-electric production facility as he reaffirmed the firm's commitment to the Reimagine strategy, which will reposition the luxury car manufacturer as an electric-first company by 2030. He also revealed that JLR would be the anchor customer of the Tata Group's proposed Gigafactory, an announcement related to which he said is hopefully imminent. JLR will not be building a Gigafactory; that is not within our plans. Tata will be building a Gigafactory. We are clear it's going to be in Europe. A final destination hasn't yet been chosen," Mardell told reporters at a media event in Gaydon, the company's base in the West Midlands region of England. The importa
Tata Motors' wholesales of 107,386 units at JLR for Q4FY23, comes as a positive development as, during the last call, the company had guided for wholesales at over 80,000 units
Following the development, global brokerage JP Morgan downgraded the stock from 'overweight' to 'neutral' with a September 2023 price target of Rs 455.
However, Tata Motors said it is witnessing healthy demand for its products with the order book increasing to ~2.05 lakh units vs. ~2 lakh units as of Q1FY23
The Tata Motors Group on Tuesday reported a 2 per cent year-on-year growth in global wholesales, including Jaguar land Rover (JLR), at 3,34,884 units in the March quarter of FY22.
While India volumes remain strong, JLR sales have been muted in the December quarter
The maiden offering will go on sale from 22 outlets across 19 cities
JLR performance in China, the region least impacted by Covid-19 in the most recent quarter, has been particularly encouraging with sales there growing on both a year-on-year and quarter-on-quarter
At the bourses, shares of Tata Motors surged 32.3 per cent during the September quarter as compared to 9 per cent gain in the S&P BSE Sensex, ACE Equity data show
The company's sales, however, improved by 50 per cent during the July-September quarter as against 74,067 units in April-June period of the current fiscal
Analysts expect the company to turn profitable only in Q4FY21
With enhanced and updated purchase and service portals, the company is now able to offer the additional benefit of a contactless and safe environment to its customers
The sales of Jaguar brand were at 1,61,601 units during the month, down 10.6 per cent, while Land Rover sales witnessed a dip of 3.8 per cent during the year as compared with 2018
The sales of Jaguar brand were at 11,464 units during the month, down 23.1 per cent from November 2018, Tata Motors said in a BSE filing