Tata Motors falls on less than expected JLR sales

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Tata Motors shares fell more than one percent Monday on profit booking as well as JLR's lower-than-expected wholesale sales numbers in May.

Tata Motors' global vehicle wholesales declined 18 percent year-on-year to 81,783 units in May. A marginal rise in sales at British luxury Jaguar Land Rover unit failed to offset sluggish sales of passenger and commercial vehicle division.

JLR's sales grew lower-than-expected 8 percent month-on-month and 4 percent year-on-year to 31,210 units in May, impacted by a slowdown in Land Rover sales in markets like China.

Also Read - Tata Motors' May global wholesale vehicle sales fall 17.5%

Analysts on an average had expected the company to report 32,000 unit sales for the month.

Jaguar's sales rose by 62 percent Y-o-Y and 32.3 percent M-oM to 7,061 units. However, Land Rover sales fell 6 percent Y-o-Y (up 2.5 percent M-o-M) to 24,149 units.

Meanwhile, growth rate in China came off from 72 percent in 2012 to 17 percent in 2013 year-to-date and 11 percent in the past two months.

Tata Motors shares were down 1.6 percent at Rs 292 on NSE in afternoon trade.