Tata Motors-DVR Share Price – NSE  /  BSE

Automobile, Small Cap

Tata Motors-DVR will hold a meeting of the Board of Directors of the Company on 10 May 2024.

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Tata Motors-DVR is up for a third straight session in a row. The stock is quoting at Rs 666, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.18% on the day, quoting at 22422.6. The Sensex is at 73834.89, down 0.24%. Tata Motors-DVR has added around 0.86% in last one month.

Meanwhile, Nifty Auto index of which Tata Motors-DVR is a constituent, has added around 3.29% in last one month and is currently quoting at 21385.25, up 0.66% on the day. The volume in the stock stood at 7.37 lakh shares today, compared to the daily average of 26.09 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 21.

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Tata Motors-DVR announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 April 2024 .

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Jaguar Land Rover (UK) (JLR) (a wholly owned subsidiary of Tata Motors) today reported increased sales volumes for the third quarter of FY24 (three-month period to 31 December 2023), reflecting improvements in supply as more vehicles were delivered to clients.

Wholesale volumes in the period were 101,043 units (excluding the Chery Jaguar Land Rover China JV), up 27% compared to the same quarter a year ago and up 4% compared to the quarter ended 30 September 2023. JLR delivered the highest wholesales in 11 quarters during the period. Wholesale volumes for Range Rover Sport were 16,921, up 49%, for Range Rover were 18,843, up 12% and for Defender were 27,117, up 14% (compared to the quarter ended 31 December 2022). Wholesale volumes for the financial year to date were 291,113, up 28% compared to the prior year.

Retail sales for the third quarter were 109,140 units (including the Chery Jaguar Land Rover China JV), up 29% compared to the same quarter a year ago and up 2% compared to the quarter ended 30 September 2023. Retail volumes were higher in all regions year-on-year: UK up 55%, Overseas up 49%, China up 28%, Europe up 27% and North America up 6%.

The order book continues to reflect strong demand for JLR products with 148k client orders at the end of the third quarter. This has reduced from 168k at the end of the second quarter, reflecting increased order fulfilment to clients and resulting in improved client waiting times for our highly desirable vehicles. Demand for Range Rover, Range Rover Sport and Defender remains particularly strong, representing 76% of the order book.

JLR will report full financial results for Q3 FY24 at the beginning of February.

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