Tata Motors falls as its arm reports 4.9% decline in retail sales in Q2FY23

Tata Motors is currently trading at Rs. 395.05, down by 17.15 points or 4.16% from its previous closing of Rs. 412.20 on the BSE.

The scrip opened at Rs. 403.10 and has touched a high and low of Rs. 403.95 and Rs. 393.15 respectively. So far 1790150 shares were traded on the counter.

tata motors employee killed in accident in jamshedpur
Tata Motors

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 536.50 on 17-Nov-2021 and a 52 week low of Rs. 366.05 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 417.50 and Rs. 393.15 respectively. The current market cap of the company is Rs. 131190.03 crore.

The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.67% respectively.

Tata Motors’ wholly owned subsidiary — Jaguar Land Rover (JLR) has reported a 4.9 per cent decline in retail sales at 88,121 units in the second quarter ended on September 30, 2020 (Q2FY23).

The company had posted retail sales of 92,710 units in the same quarter previous fiscal.

Sales of the Jaguar brand were at 17,340 units in the second quarter as against 19,248 units in the year-ago period, down 9.9 per cent. Similarly,

sales of Land Rover brand were down 3.65 per cent at 70,781 units as compared to 73,462 units in the same quarter a year ago.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies,

Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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