logo
Tata Motors shares in focus after May sales drop 8.6% to 70,187 units

Tata Motors shares in focus after May sales drop 8.6% to 70,187 units

Economic Times02-06-2025

Tata Motors shares are likely to be in focus on Monday after the company reported an 8.6% year-on-year (YoY) decline in total vehicle sales for May 2025. The automaker sold 70,187 units last month across domestic and international markets, compared to 76,766 units in May 2024, according to a company statement.
ADVERTISEMENT In the domestic market, total sales dropped 10% YoY to 67,429 units in May 2025 from 75,173 units a year ago. Commercial vehicle sales declined 5% YoY, with 28,147 units sold versus 29,691 units in May 2024.
Within the commercial vehicle segment, domestic sales of medium and heavy commercial vehicles (MH&ICV), including trucks and buses, stood at 12,406 units — slightly below 12,987 units sold in the same period last year.
However, total MH&ICV sales, including exports, rose marginally to 13,614 units from 13,532 units YoY.The reported figures include sales by Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited, both subsidiaries of Tata Motors Limited.
Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list
ADVERTISEMENT For Q4FY25, Tata Motors posted a 51% YoY decline in consolidated net profit at Rs 8,470 crore. Revenue remained flat at Rs 1.19 lakh crore. Despite the fall, the company surpassed Street estimates, beating the ET Now poll forecast of Rs 7,669 crore.EBITDA fell 4% YoY to Rs 16,700 crore, while margins narrowed by 60 basis points to 14%. Both figures were ahead of analyst estimates of Rs 16,331 crore in EBITDA and 13.3% margin.
ADVERTISEMENT
Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4
According to Trendlyne, the average target price for Tata Motors stands at Rs 803, implying a potential upside of nearly 12% from current levels. Of the 30 analysts tracking the stock, the consensus rating is 'Hold'.
ADVERTISEMENT Tata Motors shares have declined 22% over the past year but are still up 39% over the last two years. The company's current market capitalisation is Rs 2,64,862 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Odisha becoming industrial powerhouse: CM
Odisha becoming industrial powerhouse: CM

Hans India

time12 minutes ago

  • Hans India

Odisha becoming industrial powerhouse: CM

Bhubaneswar: Odisha is no longer the minerals hub of India, it is becoming a diversified industrial powerhouse, Chief Minister Mohan Charan Majhi said on Sunday. Majhi made the statement while interacting with industrialists at Lok Seva Bhavan, ahead of the first anniversary of his government. 'Odisha is no longer just a minerals and metals hub. We are becoming a diversified industrial powerhouse, where opportunity flows from port to plant and from cities to every aspirational district,' he said. The State is growing across 20 sectors -- from mining, metallurgy and metal downstream to emerging opportunities in chemicals, food processing, apparel and textiles, he said. Majhi spoke about the measures his government has taken to help industries. 'One year ago, the people of Odisha placed their faith in us to build a future that is inclusive, aspirational and transformative. Today, as we reflect on this first year, we do so with pride, in our progress and renewed commitment to the journey ahead,' he said. Maintaining that his government was focused on job creation, he urged the industrialists to join the journey of making the State an industrial powerhouse. 'Over the last year alone, 206 large projects were approved -- nearly double the average of the previous five years. These represent a total investment value of over Rs 4.5 lakh crore and an employment potential of nearly 2.9 lakh jobs,' he said. 'Since the Utkarsh Odish summit, 56 projects have already been taken up for ground-breaking and inauguration, with a combined investment of over Rs 1.78 lakh crore, and employment potential for Odisha industrial development, Mohan Charan Majhi, minerals to diversified industry, job creation, investment in Odisha, governance and reforms 1.1 lakh people. These numbers reflect not only our speed, but scale and substance,' he added. Attacking the previous Naveen Patnaik-led regime, Majhi said in many ways, his government has achieved more in this one year than the past five years combined through quiet, focused and committed action. In the coming year, he said the government will focus on four key priorities. 'First, the government will bring new policies that unlock emerging sectors and offer global competitiveness. Secondly, the government will expand the State's land bank and industrial infrastructure to meet future demand. Third, we will revamp our single window system and develop a modern, integrated project tracking platform. Fourth, we will work to deregulate and simplify burdensome rules and processes,' he said. He asserted that the next four years will lay the foundation for a prosperous Odisha.

Kernex Microsystems hits the roof after JV secures Rs 183-cr KAVACH order from Western Railway
Kernex Microsystems hits the roof after JV secures Rs 183-cr KAVACH order from Western Railway

Business Standard

time17 minutes ago

  • Business Standard

Kernex Microsystems hits the roof after JV secures Rs 183-cr KAVACH order from Western Railway

Kernex Microsystems (India) frozen at its upper limit of 5% at Rs 1,292.90 after the company announced that its joint venture, the Kernex-KEC Consortium, has received a letter of acceptance (LoA) worth Rs 182.81 crore from Western Railway. The contract involves the provision of KAVACH Version 4.0 or the latest (formerly known as Train Collision Avoidance System TCAS), including the deployment of a communication backbone based on UHF and OFC on the PalanpurSamakhiyaliGandhidham section under the Ahmedabad Division of Western Railway. The project is valued at Rs 182.81 crore and is scheduled to be executed within 730 days. Kernex holds a 70% stake in the consortium. Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for railways. The company's consolidated net profit surged 358.2% to Rs 32.59 crore on an 829.9% rise in total income to Rs 83.69 crore in Q4 FY25 over Q4 FY24.

Indian Rupee: Seen extending upside amid dollar weakness
Indian Rupee: Seen extending upside amid dollar weakness

Business Standard

time17 minutes ago

  • Business Standard

Indian Rupee: Seen extending upside amid dollar weakness

The Indian rupee is seen extending upside in opening trades on Monday as weak dollar, lower oil prices and expectation of a positive start to local equities support. Rupee opened higher at Rs 85.61 per dollar and hit a low of 85.60 so far during the day. On Friday, INR saw good gains against the US dollar after the Reserve Bank of India (RBI) cut interest rates by half a percent, continuing to witness good support around 86 threshold. RBI has slashed its key lending rate, or the repo rate, by 50 basis points to 5.5% amid softening inflation. INR added 16 paise at 85.64 per US dollar. Local stocks soared following this with the NIFTY50 index zooming up 1% to hit 25K mark. Reserve Bank of India (RBI) Governor Sanjay Malhotra also noted that with the moderation in trade deficit in Q4:2024-25, alongside strong services exports and remittance receipts, the current account deficit (CAD) for 2024-25 is expected to remain low. On the NSE, USDINR pair eased slightly to 85.73 tracking loses in dollar overseas.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store