Tata Motors will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

The Tata Motors Group global wholesales in Q2 FY25, including Jaguar Land Rover** were at 3,04,189 nos., lower by 11%, as compared to Q2 FY24. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q2 FY25 were at 86,133 nos., lower by 19%, over Q2 FY24. Global wholesales of Tata Motors passenger vehicles* in Q2 FY25 were at 1,30,753 nos., lower by 6% as compared to Q2 FY24. Global wholesales for Jaguar Land Rover** were 87,303 vehicles, lower by 10% as compared to Q2 FY24. Jaguar wholesales for the quarter were 5,961 vehicles, while Land Rover wholesales for the quarter were 81,342 vehicles. *Tata Motors passenger vehicles includes sales of electric vehicles **JLR number does not include CJLR volumes (CJLR - It is a JV between JLR and Chery AutomobilesPowered by Capital Market - Live

The key equity benchmarks traded with substantial gains in afternoon trade. The Nifty traded above the 24,950 mark after hitting day's low of 24,756.80 in morning trade. Barring the Nifty metal index, all the sectoral indices on the NSE were in green. At 13:30 IST, the barometer index, the S&P BSE Sensex was up 475.79 points or 0.59% to 81,525.79. The Nifty 50 index added 165.70 points or 0.67% to 24,966.35. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 1.24% and the S&P BSE Small-Cap index gained 1.79%. The market breadth was strong. On the BSE, 2,736 shares rose and 1,128 shares fell. A total of 116 shares were unchanged. Gainers & Losers: Trent (up 6.34%), Adani Ports and Special Economic Zone (up 4.71%), Adani Enterprises (up 3.94%), Bharat Electronics (up 3.46%) and Mahindra and Mahindra (up 2.13%) were major Nifty gainers. Tata Steel (down 2.99%), Sbi Life Insurance Company (down 2.96%), JSW Steel (down 2.21%), Hindalco Industries (down 1.89%) and Wipro (down 1.71%) were major Nifty losers. Bharat Electronics added 3.46% after the company said that it has bagged orders worth more than Rs 500 crore in the last month. The major orders received include EMI shelters, AMC for integrated air command and control system nodes, upgrade / spares for gun systems, spares for radars, communication system etc. Stocks in Spotlight: Tata Motors declined 1.54%. The company announced that the Jaguar Land Rover (JLR) wholesale volume decreased 10% year on year (YoY) to 87,303 units in Q2 FY25 (excluding the Chery Jaguar Land Rover China JV). Bajaj Finserv fell 1.9%. The company said that its subsidiary, Bajaj Allianz General Insurance Company's gross direct premium underwritten for September 2024 was at Rs 1,689.17 crore, recording a decline of 7.59% year on year (YoY). FSN E-Commerce Ventures (Nykaa) shed 0.44%. The company stated that it has witnessed a strong performance with consolidated net revenue growth of mid-twenties in second quarter of FY25. RITES added 2.01% after the company said that it has received the LOA for supply and commissioning of overhauled in-service cape gauge ALCO diesel electric locomotives from Ntokoto Rail Holdings. The value of the aforementioned contract is $5.4 million, which at the prevailing exchange translates to Rs 45.33 crore. SpiceJet surged 8.10% after the company announced its plans to significantly expand its fleet with the induction of ten aircraft by the end of November 2024. The company stated that seven of these aircraft will be acquired on lease, while three previously grounded SpiceJet planes are being reintroduced into service. Global Markets: European stocks traded lower as regional sentiment sours further after a shaky start to the week, with investors watching the conflict in the Middle East closely and its potential impact on oil markets, supply chains and the global economy. Most Asian shares tumbled on Tuesday. However, Chinese stocks surged as trading resumed after a week-long break, buoyed by recent stimulus measures from Beijing. Officials are scheduled to provide further details on these measures later today. In contrast, other Asian indices followed Wall Street's downward trend. U.S. stocks fell sharply on Monday as investors anticipated a smaller rate cut from the Federal Reserve due to a stronger-than-expected U.S. jobs report. The major U.S. indexes suffered significant losses on Monday. The Dow Jones Industrial Average fell 0.94%, the S&P 500 dropped 0.96%, and the NASDAQ Composite lost 1.18%. Fears of an escalating Middle East conflict also dampened risk appetite. Meanwhile, the impending landfall of Hurricane Milton, following on the heels of Hurricane Helene, added further anxiety. US tech stocks witnessed a sharp decline. Google's parent company, Alphabet Inc., faced pressure after being ordered to restructure its Android app store. Additionally, negative analyst comments on Amazon and Apple triggered selling in these tech giants. The release of the minutes from the September Federal Reserve meeting, scheduled for Wednesday, will be closely monitored. These minutes will offer insights into the Fed's future rate cut strategy. Thursday's consumer price index data is another key event. Investors will be looking for signs of persistent inflation, which could influence the Fed's monetary policy decisions.Powered by Capital Market - Live

The domestic equity benchmark traded with decent gains in early afternoon trade. The Nifty traded above the 24,900 level after hitting day's low of 24,756.80 in morning trade. Pharma shares advanced after declining in past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex was up 396.50 points or 0.49% to 81,446.50. The Nifty 50 index added 136.05 points or 0.55% to 24,931.80. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.95% and the S&P BSE Small-Cap index gained 1.28%. The market breadth was strong. On the BSE, 2,629 shares rose and 1,192 shares fell. A total of 118 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.40% to 14.72. The Nifty 31 October 2024 futures were trading at 25,079.40, at a premium of 147.6 points as compared with the spot at 24,931.80. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 46.7 lakh contracts at the 26,000 strike price. Maximum Put OI of 39.8 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Pharma index rose 1% to 23,208.10. The index declined 0.51% in the past trading sessions. Ipca Laboratories (up 2.93%), Glenmark Pharmaceuticals (up 2.04%), Ajanta Pharma (up 1.84%), Divis Laboratories (up 1.82%) and Granules India (up 1.7%), Abbott India (up 1.68%), Cipla (up 1.27%), Mankind Pharma (up 1.07%), Lupin (up 1.07%) and Laurus Labs (up 0.86%) edged higher. On the other hand, Gland Pharma (down 0.65%), Natco Pharma (down 0.23%) and Zydus Lifesciences (down 0.09%) edged lower. Stocks in Spotlight : Tata Motors declined 1.59% after the company announced that the Jaguar Land Rover (JLR) wholesale volume decreased 10% year on year (YoY) to 87,303 units in Q2 FY25 (excluding the Chery Jaguar Land Rover China JV). Hi-Tech Pipes fell 0.985. The company announced that its board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 194.98 per share. Powered by Capital Market - Live

Jaguar Land Rover, a wholly owned subsidiary of Tata Motors, has recorded retail sales of 103,108 units in Q2 FY24, lower by 3% compared to the same quarter of pervious year. Retail sales for the first six months of FY24 were 214,288 units, up 3% on YoY basis. Compared to previous year, retail sales in the quarter were up 29% in the UK, up 9% in North America, down 22% in Europe, down 17% in China and down 6% overseas. JLR production in the quarter was restricted to c.86,000 units, down 7% compared to the same quarter a year ago, as a result of supply disruptions from a key high-grade aluminium supplier that affected multiple OEMs. Wholesale volumes of 87,303 units in Q2 FY24 were down 10% compared to the same quarter of previous year due to restricted aluminium supplies. In addition, at the end of September, a temporary hold was placed on 6,500 vehicles, largely in the UK and Europe, to allow additional quality control checks to be performed. These vehicles will be wholesaled in the second half of the year. The overall mix of the most profitable Range Rover, Range Rover Sport and Defender models was 67% of total wholesale volumes. We expect both production and wholesales volumes to pick up strongly in the second half of the financial year as the aluminium supply situation normalises, said the company. Powered by Capital Market - Live

Tata Motors reported total sales of 2,15,034 units in Q2 FY25 compared to 2,43,024 units in Q2 FY24, recording a decline of 12%. During the quarter, total sales include domestic sales of 2,09,861 units, lower by 11%. Domestic passenger vehicle sales declined 6% to 129,930 units while domestic commercial vehicle sales declined 19% to 79,931 units. Powered by Capital Market - Live

Tata Motors sold 71,345 units in month of September 2024 compared to 84,381 units in September 2023, recording a decline of 15%. Total sales comprised of domestic sales of 69,694 units (lower by 15% on YoY basis) and exports of 1651 units (lower by 30% on YoY basis). Under domestic sales, passenger vehicle sales declined 8% to 41,063 units while commercial vehicle sales dropped 23% to 28,631 units during September 2024. Powered by Capital Market - Live

The company's total domestic sales for September 2024 stood at 69,694 vehicles, registering de-growth of 15.03% compared to 82,023 units in September 2023. Total commercial vehicles sales slipped 23.12% to 30,032 units in September 2024 from 39,064 units reported in the same period last year. Total sales for Medium and Heavy Intermediate Commercial Vehicles (MH & ICV) domestic & international business in September 2024, including trucks and buses, stood at 14,839 units, down 22.71% compared to 19,199 units in September 2023. Domestic sale of MH&ICV slipped 23.62% year on year to 14,190 units sold in September 2024. Total passenger vehicles sales (including EV) declined 9% to 41,313 units in September 2024 from 45,317 units sold in the same period last year. Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said, 'The PV industry in Q2 FY25 saw more than 5% decline in retails (Vahan registrations) compared to Q2 FY24 driven by slow consumer demand and seasonal factors. In contrast, industry offtake was significantly higher than registrations in anticipation of a strong start to the festive season, resulting in a continued buildup of channel stock. In addition, electric vehicle sales in personal segment was affected by the lapse of registration and road tax waivers in key states. Fleet EV sales continued to remain impacted due to lapse of FAME II and non-inclusion of the fleet segment in PM-eDRIVE scheme. During the quarter, we launched the Curvv, which has received an excellent response with strong bookings for all its powertrains ' petrol, diesel and electric. Initial deliveries of Curvv have commenced, and we will continue to ramp up production in Q3. Our market facing interventions have been well received, generating a strong pipeline. The launch of our higher range Nexon.ev has also generated strong consumer interest Registrations picked up pace towards end of the month which augurs well for the festive period ahead and we remain focused on driving up consumer preference for our exciting range of vehicles while maintaining the health of our dealer network. Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. The company reported a consolidated net profit of Rs 17,528.59 crore in Q4 FY24, steeply higher from Rs 5,496.04 crore posted in Q4 FY23. Revenue from operations increased 13.52% YoY to Rs 1,19,213.35 crore in the quarter ended 31 March 2024. The company's consolidated net profit jumped 73.77% to Rs 5,566 crore on 5.68% rise in total revenue from operations to Rs 1,08,048 crore in Q1 FY25 over Q1 FY24. Shares of tata motors shed 0.94% to Rs 965.50 on the BSE.Powered by Capital Market - Live

The Nifty October 2024 futures closed at 26,285.25, a premium of 62.20 points compared with the Nifty's closing 26,216.05 in the cash market. In the cash market, the Nifty 50 added 211.90 points or 0.81% to 26,216.05. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, dropped 7.12% to 11.84. Tata Motors, Reliance Industries and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

Tata Motors Ltd fell for a fifth straight session today. The stock is quoting at Rs 1076.15, down 0.4% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 25175.75. The Sensex is at 82256.1, down 0.12%.Tata Motors Ltd has gained around 6.16% in last one month.Meanwhile, Nifty Auto index of which Tata Motors Ltd is a constituent, has increased around 5.87% in last one month and is currently quoting at 25934.25, up 0.09% on the day. The volume in the stock stood at 34.47 lakh shares today, compared to the daily average of 114.12 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1076, down 0.09% on the day. Tata Motors Ltd jumped 76.35% in last one year as compared to a 28.38% rally in NIFTY and a 63.04% spurt in the Nifty Auto index.The PE of the stock is 57.34 based on TTM earnings ending June 24.Powered by Capital Market - Live