Tata Motors is in the spotlight as it announced that its sales grew by 1% in December 2024. The company sold 76,599 vehicles compared to 76,138 last year. In the third quarter of FY25 (from October to December), Tata Motors sold a total of 2,35,599 vehicles, which is a slight increase from 2,34,981 the year before. Their sales of commercial vehicles (CV) dropped by 1% to 95,770 units, while passenger vehicle (PV) sales saw a 1% rise to 1,39,829 units.
After this news, Tata Motors’ shares ended the day at Rs 749.25 on the NSE, up by Rs 8.55 or about 1.15%. However, these shares have fallen 36% from their highest point of Rs 1,179 and have seen a 5% drop in the last year, while the Nifty index has risen by 9%.
Recently, Tata Motors’ stock has been unpredictable, as shown by its beta value of 1.1, which suggests more ups and downs. The company’s profits also disappointed the market, with a significant drop of 62.4% in net profit to Rs 477 crore from Rs 1,270 crore in the second quarter compared to last year. Revenue dropped by 16.3% to Rs 15,518 crore from Rs 18,542 crore during the same time.
This drop in revenue was linked to slow interest in buying cars and seasonal factors. Additionally, Jaguar Land Rover faced challenges due to temporary supply issues with aluminum. The sales of commercial vehicles were affected by a slowdown in infrastructure projects, reduced mining activity, and lower vehicle usage because of heavy rains.
(Disclaimer: The views and opinions expressed are those of the experts and do not reflect the views of thellv.news.)
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