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Tata Motors Shares Fall Over 3.5%, Jaguar Land Rover Sales Decline in Q2 — What’s Behind the Fall?

Tata Motors shares dropped over 3.50% following a decline in Jaguar Land Rover's Q2 sales, trading at ₹909 with over 66.40 lakh shares changing hands.

Tata Motors Share Price

Tata Motors shares dropped over 3.50% on Tuesday after a decline in production and retail sales of its Jaguar Land Rover (JLR) vehicles in the second quarter. The stock opened lower at ₹915 compared to the previous close of ₹927.85. It fell further, hitting a low of ₹893.85, down 3.66% in early morning trading. Around 9:45 AM, Tata Motors shares were trading down by 2%, at ₹909, with over 66.40 lakh shares being traded.

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Tata Motors shares have been declining for the past two days. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Q2 Results: Tata Motors Shares

On Monday, Tata Motors’ subsidiary Jaguar Land Rover reported a 3% drop in retail sales, with 1,03,108 units sold in the second quarter of this fiscal year, compared to the same period last year. However, for the first six months of the fiscal year, retail sales increased by 3% to 2,14,288 units.

Production in the second quarter of FY25 was limited to 86,000 units, a 7% decline compared to 93,000 units in the same quarter last year. This was due to disruptions in the aluminium supply chain reported in the first quarter of FY25.

Also Read: Ola Electric Shares Drop 46% from Peak from Rs 157.53, Hit New Lows – Find Out What’s Happening!

Tata Motors Share Price Target 2025

Brokerage firm UBS has kept a SELL rating on Tata Motors, pointing to weak prospects for the company. UBS has set a target price of ₹825 for the stock. The firm noted that China is no longer a rapidly growing market for global carmakers. While the market for premium cars may be more stable, global carmakers could still face a loss of market share. UBS suggested that automakers may need to reduce capacities, adjust their product mix, and partner with local players to grow.

Tata Motors shares have been under pressure for the last month, dropping 11%. However, over the past year, the stock has gained 46%. In the last two years, the stock has delivered a 121% return.

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