BAJAJ BROKING

Notification
No new Notification messages
Wagons Learning IPO is Open!
Apply for the Wagons Learning IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Tata Motors’ JLR UK Sales Surge 11% in July to 6,121 Units

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Jaguar Land Rover's July sales rose 11% to 6,121 units. Tata Motors' July sales fell 10.7% to 71,996 units. Q1 net profit surged 73% to ₹5,566 crore despite a rise in net automotive debt to ₹18,600 crore.

Tata Motors News Today

Tata Motors, along with its subsidiary Jaguar Land Rover (JLR), has released sales figures for July and financial results for the first quarter. Here's a detailed analysis of the key numbers and performance indicators.

JLR Sales Performance in July

Jaguar Land Rover (JLR) reported robust sales in July, with a total of 6,121 units sold, marking an 11% increase from the 5,516 units sold in July 2023. The breakdown is as follows:

  • Jaguar: Sales slightly increased to 1,058 units from 1,046 units in July 2023.

  • Land Rover: Sales surged by 13% to 5,063 units compared to 4,470 units in the same month last year.

In comparison, JLR sold 6,421 units in June, indicating a slight month-on-month decrease.

Tata Motors Sales in July

Contrasting JLR's performance, Tata Motors experienced a decline in sales for July:

  • Total Sales: Fell by 10.7% to 71,996 units, down from 80,633 units in July 2023.

  • Domestic Sales: Dropped by around 11% year-on-year to 70,161 units.

  • Commercial Vehicle Sales: Plummeted by about 18% to 27,042 units from 32,944 units last year.

  • Passenger Vehicle Sales: Decreased by 6% to 44,725 units.

Financial Performance Q1 FY2024

Despite the drop in sales, Tata Motors reported strong financial performance for the first quarter. Its net profit surged by 73% to ₹5,566 crore, compared to ₹3,203 crore in the same period last year. Revenue increased by 6% to ₹1.08 lakh crore from ₹1.02 lakh crore year-on-year.

However, the company faced challenges in terms of debt. The net automotive debt rose to ₹18,600 crore, a 16% increase from ₹16,000 crore at the end of March 2024. JLR’s net debt increased to ₹10,500 crore from ₹7,700 crore at the end of the March quarter.

Stock Performance

Tata Motors' share price closed at ₹1,015.45 on Friday, reflecting a decline of ₹81.20 or 7.40% from the previous close. Despite this drop, the stock has delivered a 66.60% return over the past 12 months. Investors are keenly watching Tata Motors’ share performance amidst the latest financial disclosures.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

10 lakh+ Users

icon-with-text

4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300+ Cr MTF Book

icon-with-text