Tata Motors slips 2.5% on weak Jaguar Land Rover Nov sales

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Shares of Tata Motors shed entire previous day's gains on Thursday following decline in Jaguar Land Rover (JLR) sales in November. The stock lost as much as 2.5 percent intraday.

In November, JLR sold 36,621 vehicles, down 2 percent, largely reflecting product launch factors. "Land Rover delivered 30,611 vehicles in the month gone by, down 2 percent while Jaguar sales retailed 6,010, down 4 percent compared to same period last year," said JLR.

Retails in China region grew by 10 percent, Asia Pacific and the UK up 5 percent, while in Europe retails fell 3 percent. Even sales in other overseas markets were down 12 percent for the month and, in North America, sales were down 17 percent.

However, the UK's leading manufacturer of premium luxury vehicles continued to maintain positive sales performance year-to-date, retailing 421,286 vehicles, up 10 percent versus the same period last year.

Calendar year-to-date Land Rover sales reached 346,679 vehicles, up 10 percent year-on-year on the back of continued strong customer demand particularly for the Range Rover and Range Rover Sport. Jaguar sales during the same period were up 7 percent year-on-year, retailing 74,607 vehicles, with the XF and F-Type continuing to drive sales.

Meanwhile, experts remained sceptical about company's growth in Chinese auto market on slowdown fears going ahead.

Jim Walker of Asianomics (on Wednesday in an interview to CNBC-TV18) said China is currently growing at 5-6 percent, much below 7 percent forecasted. He expects China growth to slowdown to 3-4 percent next year. He recommends investors stay away from companies exposed to China. Companies exposed to luxury goods segment in China will be impacted, says Walker.

Tata Motors scrip declined 1.37 percent to close at Rs 503.80 on the Bombay Stock Exchange.