Tata Motors Reports 3% Drop in Global Wholesales for Q4 FY25
Click to start listening
Synopsis
Tata Motors announced a 3% decrease in global wholesales for the March quarter (Q4 FY25) on April 8, though its luxury brand Jaguar Land Rover (JLR) saw a slight sales increase. The total wholesales amounted to 3,66,177 units, down from 3,77,432 units a year ago.
Key Takeaways
- Global wholesales decline by 3% to 3,66,177 units.
- JLR sales increase by 1% to 1,11,413 vehicles.
- Commercial vehicle sales drop 3%.
- Passenger vehicle sales see a 6% decline.
- Tata Motors' stock rose 1.52% during intra-day trading.
Mumbai, April 8 (NationPress) Tata Motors disclosed a 3% drop in its global wholesales for the March quarter (Q4 FY25) on Tuesday, despite a modest uptick in sales from its luxury division, Jaguar Land Rover (JLR). The overall group wholesales, which includes JLR, totaled 3,66,177 units this quarter, a decrease from 3,77,432 units in the same period last year.
Sales of commercial vehicles, including the Tata Daewoo range, saw a 3% decline to 1,07,765 units. Meanwhile, passenger vehicle sales fell by 6%, totaling 1,46,999 units compared to the previous year.
Conversely, JLR managed to defy the general trend, achieving a 1% increase in global sales. JLR sold 1,11,413 vehicles in the March quarter, with Land Rover contributing 1,04,343 units and Jaguar accounting for 7,070 units.
This sales announcement precedes Tata Motors' financial results for the quarter and the complete financial year ending in March.
Previously, Tata Motors' UK subsidiary, JLR, announced a temporary suspension of shipments to the US for April, following a 25% tariff imposed by US President Donald Trump on imported vehicles.
Despite the overall decline in sales, Tata Motors' stock saw a significant increase during intra-day trading, rising 1.52% or Rs 8.80 to trade at Rs 588.55 on the National Stock Exchange (NSE) around 2 PM.
However, over the past year, Tata Motors' stock has experienced a 41.47% decrease, and it has dropped nearly 20% so far this year.
Trading volume on Tuesday was 1.5 times higher than the average over the past 30 days, with its relative strength index (RSI) sitting at 30.96, indicating the stock may be approaching oversold conditions.
In related news, the Tata Group faced a significant decline in market value on Monday, losing approximately Rs 90,000 crore as group stocks fell sharply due to global uncertainties.
