Tata Motors: Sales Rise and Share Performance Update for November 2024

Tata Motors sees a slight increase in November sales. Despite recent profit drops, shares rose by 0.9%, marking an 82% gain over two years.

tata motors shares in focus as november sales rise marginally to 74753 units

Tata Motors’ shares are expected to attract attention on Monday after the company shared its sales results for November 2024. Overall, Tata Motors sold 74,753 vehicles this month, which is a small increase from 74,172 vehicles sold in November last year. Domestic sales rose by 1%, reaching 73,246 units compared to 72,647 units in November 2023.

Passenger vehicle sales, including electric cars (EVs), saw a 2% rise to 47,117 units, up from 46,143 units a year ago. Domestic passenger vehicle sales, which also include EVs, increased by 2% to 47,063 units from 46,068 units last year.

On the other hand, total sales of commercial vehicles went down by 1%, totaling 27,636 units compared to 28,029 units the previous year.

In the second quarter of Fiscal Year 2025, Tata Motors reported a net profit of Rs 3,343 crore, which is 11.18% lower than last year. The company’s revenue also dropped by 3.5%, reaching Rs 101,450 crore.

The revenue for Jaguar Land Rover (JLR) decreased by 5.6% to £6.5 billion because of temporary supply issues. This also caused the company’s profit margins to fall by 220 basis points to 5.1%. For commercial vehicles, revenue fell by 13.9%, but the profit margin improved to 10.8% because of better pricing and lower material costs. For passenger vehicles, revenue dropped by 3.9%, but the profit margin remained steady at 6.2% due to cost-saving measures and better sales mix.

On Friday, Tata Motors’ shares closed at Rs 786.80, increasing by 0.9%. This was better than the Sensex index, which went up by 0.96%. Despite a drop of 30% in the last three months, the stock has grown by 82% over the last two years. Tata Motors has a market cap of Rs 2,89,638 crore.

(Disclaimer: The opinions shared here are those of the experts and do not reflect the views of NiftyStat.)

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