Tata Motors :2024 Shares Jump As JLR Sales Numbers Come In

Tata Motors Shares Jump As JLR Sales Numbers Come In


Tata Motors


Tata Motors (NS:TAMO) continued to make gains for the second straight session on Tuesday going up close to 1.5%.

What Happened: The Tata Group company said that Jaguar Land Rover (JLR) retail sales grew by 11% year-on-year to 1.14 lakh units in the quarter ended March. This growth was driven by increased production and sustained global demand for JLR vehicles, the company added.

During the January-March period, retail sales saw significant increases in various regions compared to the previous year. Sales in the UK rose by 32%, while North America saw a growth of 21%, and overseas markets witnessed a 16% increase. However, sales in China declined by 9%, and there was a 2% decrease in Europe.


For the full year ending March 2024, JLR’s sales recorded a 20% year-on-year increase, with wholesale volumes reaching 4.01 lakh units (up 25%) and retail sales totalling 4.31 lakh units (up 22%). In the fourth quarter, wholesale volumes stood at 1.10 lakh units, representing a growth of 16% compared to the same period last year.

Brokerage Reactions: According to Morgan Stanley (NYSE:MS) maintained its “Overweight” rating on the auto giant with a target price of ₹1,013. The brokerage highlights factors such as Jaguar Land Rover’s (JLR) Q4 sales and a global slowdown in electric vehicle (EV) adoption. Morgan Stanley views slower EV adoption as a positive for Tata Motors’ free cash flow (FCF) outlook and capital return profile, suggesting that a fast EV transition could have been highly disruptive for the business.

Macquarie also maintained its “overweight” rating for the stock with a price target of ₹1,028. The analysts said that JLR sales achieved a modest beat on wholesale figures. The brokerage firm said that the EBITDA margin could be flat quarter-on-quarter (QoQ) due to a decline in the share of premium models and higher incentive spend.

Price Action: Tata Motors’ share price was up 1.31% to trade at ₹1,026.50 as the markets opened on Tuesday.

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Yes, that’s correct! Based on my knowledge up to today, April 9, 2024, Tata Motors’ share price did indeed jump after JLR (Jaguar Land Rover) released its sales figures. This is a positive sign for Tata Motors, the parent company of JLR.

Here’s a breakdown of the key factors:

  • JLR Sales Growth: JLR reported strong sales figures, with either an 11% or 22% year-on-year increase in retail sales depending on the specific report [1, 2, 3]. This growth indicates rising demand for JLR vehicles, which bodes well for Tata Motors’ overall revenue.
  • Tata Motors Share Price Increase: Following the JLR sales announcement, Tata Motors’ share price rose by around 1.5% to 2% on the NSE (National Stock Exchange) [1, 2, 3]. This suggests that investors are optimistic about Tata Motors’ future prospects due to the positive JLR sales figures.

Possible Reasons for JLR Sales Growth:

  • Increased Production: Articles suggest that JLR’s sales growth might be due to both increased production and sustained global demand for their vehicles [2, 3].
  • Improved Chip Shortage: The chip shortage that plagued the auto industry seems to be easing up, allowing JLR to potentially ramp up production [2, 3].

Overall, this is positive news for both Tata Motors and JLR. Strong sales figures and a rising share price indicate a healthy outlook for the company.

Is there anything else you’d like to know about Tata Motors, JLR, or the auto industry in general?



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