Tata Motors shares drop 5%; here's why
Tata Motors’ domestic passenger vehicle business reported a 7.7% year-on-year decline in revenue to ₹11,800 crore in the first quarter due to lower electric vehicle sales.
Tata Motors’ domestic passenger vehicle business reported a 7.7% year-on-year decline in revenue to ₹11,800 crore in the first quarter due to lower electric vehicle sales.
Tata Motors pips Maruti Suzuki India Ltd to become India's most valued carmaker.
Jaguar and Land Rover delivered the highest wholesales in 11 quarters during the quarter ended December.
Tata Motors' market share in the country's fast-growing EV segment is 75%.
Shares of Tata Motors hit an all-time high of ₹685.50 on Thursday
The weakness in auto stocks was in sync with the broader market.
Shares of Tata Motors hit a record high of ₹665.40 on the NSE.
Shares of Tata Motors rose 2% in intraday trade on Monday to hit their 52-week high of ₹548.65 apiece on the BSE.
Tata Motors revenue jumped 35% year-on-year to ₹1.05 lakh crore in Q4.
The increase in the prices of commodities such as steel, aluminium and other precious metals led to this price hike.