Tata Motors rides high as its arm reports 97.32% growth in sales during H1FY24

Tata Motors Passenger Vehicles Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500570 | NSE: TMPV

13 Oct 2023 Evaluate

Tata Motors is currently trading at Rs. 664.60, up by 27.75 points or 4.36% from its previous closing of Rs. 636.85 on the BSE.

The scrip opened at Rs. 634.95 and has touched a high and low of Rs. 664.90 and Rs. 633.05 respectively. So far 607756 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.30 on 26-Jul-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 640.45 and Rs. 613.80 respectively. The current market cap of the company is Rs. 218874.24 crore.

The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 35.23% and 16.99% respectively.

Tata Motors’ subsidiary-- Jaguar Land Rover (JLR) has reported its highest-ever performance in the first half of this fiscal (H1FY24) with sales of 2,356 units as compared to around 1,194 units in the April-September period of the last financial year, i.e. up by 97.32%.

The strong half-yearly growth was driven by record sales in both quarters, with Q2 witnessing a 108 per cent year-on-year (YoY) growth and retails of 1,308 units. The company had previously reported a 102 per cent sales growth in Q1, compared to the same period last year.

The order book in FY24 has seen consistent growth, with the first half closing order book higher by 90 per cent, as compared with the same period last year. Range Rover, Range Rover Sport and Defender continue to witness strong demand contributing to 72 per cent of the total order book. The current total order book covers for more than eight months of sales.

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.

Tata MotorsPassenger Share Price

344.15 -1.85 (-0.53%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	344.15
Maruti Suzuki India	14364.50
Mahindra & Mahindra	3137.90
Hyundai Motor India	1993.25
Mercury Ev-Tech	35.27
View more..

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