Feb 3, 2021
By: Navdeep YadavThe stock is trading at ₹338, clocking in a 31 percent rally in three days since the Budget 2021
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Tata Motors’ shares were 1/5th of its current value. It had hit a 52-week low of ₹63 in March 2020.
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The loss from India business widened nearly 22 times as Q1 sales fell to one for every five units from year ago
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Major spike in its share price came in December 2020, adding nearly 83 percent of its value in the last two months.
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Returned to profit after three consecutive quarters of losses in Oct-Dec quarter.
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JLR recorded a positive free cash flow of £562 mn, a record for the company in Q3
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Q3 retail sales at its luxury car unit was 13 percent higher over the preceding quarter.
Credit: JLR
The passenger vehicle business posted its highest sales in over eight years in the third quarter.
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The January sales for Tata Motors was up 25.27 percent year-on-year.
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JLR will be ramping up its EV offerings, which currently account for 53 percent of sales
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“We are very serious about electric vehicles,” said the $100 billion conglomerate’s chairman,N Chandrasekaran.
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..That the global companies are bringing autonomous vehicles, and Indian carmakers are not ready for that yet.
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