Tata Motors witnessed a 1.77% drop in share price to Rs 776.40 after Jaguar Land Rover’s (JLR) total registrations in the UK fell 28.21% to 4,011 units in December 2024, compared to 5,587 units in December 2023.
According to the Society of Motor Manufacturers and Traders (SMMT), UK, new car registrations in the region saw a marginal decline of 0.2% in December 2024, totaling 140,786 units versus 141,092 units in December 2023.
Land Rover registrations decreased by 19.69% to 3,629 units, while Jaguar registrations plummeted by 64.23% to 382 units during the same period.
JLR, owned by Tata Motors, is a global automobile brand known for its luxury cars and utility vehicles. Tata Motors, a leader in India’s commercial vehicles segment and a top-three player in passenger vehicles, also provides integrated and e-mobility solutions globally.
The company recently reported a 9.97% YoY decline in consolidated net profit to Rs 3,450 crore and a 3.74% fall in revenue from operations to Rs 104,444 crore in Q2 FY25.
