fbpx

Tata Motors Shares Drop 2% After August Sales Decline by 8%

Tata Motors’ stock fell by 2% in early trading on September 2, following a drop in the company’s vehicle sales for August. At 9:45 am, Tata Motors shares were trading at ₹1,098.35 on the NSE. Despite the recent dip, the stock has gained over 50% in the past month.

In August, Tata Motors’ total vehicle sales dropped by 8% compared to the same month last year, with 71,693 units sold versus 78,010 units last year. Both commercial vehicle (CV) and passenger vehicle (PV) sales were down for the month. CV sales fell by 15% to 27,207 units, while PV sales decreased by 3% to 44,486 units.

Looking ahead, Motilal Oswal Financial Services expects a slight 4% increase in Medium and Heavy Commercial Vehicle (M&HCV) sales for FY25, with an estimated monthly sales rate of around 17,400 units. For Light Commercial Vehicles (LCVs), the brokerage predicts a steady trend, with a projected growth rate of 5% and monthly sales of about 19,300 units.

For passenger vehicles, they forecast a 6% growth in FY25, translating to a monthly sales rate of approximately 48,900 units. Overall, Motilal Oswal expects Tata Motors’ sales volumes to remain mostly flat in FY25, with a slight growth rate of 2.5% and monthly sales of around 85,600 units.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

We will be happy to hear your thoughts

      Leave a reply

      Share Price India News
      Logo