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Tata Motors slips as its Group’s global wholesales fall 27% in September

Tata Motors is currently trading at Rs. 117.30, down by 3.55 points or 2.94% from its previous closing of Rs. 120.85 on the BSE.

The scrip opened at Rs. 120.00 and has touched a high and low of Rs. 120.00 and Rs. 116.25 respectively. So far 1070641 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 239.30 on 18-Apr-2019 and a 52 week low of Rs. 106.00 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 124.95 and Rs. 115.50 respectively. The current market cap of the company is Rs. 33883.04 crore.

The promoters holding in the company stood at 38.37%, while Institutions and Non-Institutions held 35.51% and 14.96% respectively.

Tata Motors Group’s global wholesales in September 2019, including Jaguar Land Rover, were at 89,912 nos, lower by 27%, as compared to September 2018. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in September 2019 were at 28,524 nos, lower by 45%, over September 2018. Global wholesales of all passenger vehicles in September 2019 were at 61,388 nos, lower by 14% as compared to September 2018.

Global wholesales for Jaguar Land Rover were 53,091 vehicles (JLR number for September 2019 includes CJLR volumes of 4,672 units). Jaguar wholesales for the month were 13,800 vehicles, while Land Rover wholesales for the month were 39,291 vehicles.

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.