Shares of Tata Motors Ltd. are trading flat after touching a day’s high of Rs 944.45 on 7th October, following the firm’s wholly-owned subsidiary Jaguar Land Rover reporting a 33% year-over-year sales growth for September.

In September, the firm’s Jaguar Land Rover (JLR) sales in the UK reached a multi-month high of 10,807 units, up from 8,125 units in September 2023.

Land Rover sales surged by approximately 47%, totalling 8,933 units compared to 6,117 cars sold in September 2023. In contrast, August sales were 2,681 units, while July sales reached 6,121.

Jaguar sales totaled 1,814 cars, a nearly 10% decline from the 2,008 units sold in the same month last year.

Last week, the company reported domestic wholesale data for September, revealing a 15% year-over-year decline in sales, missing market expectations. The company recorded domestic sales of 69,694 units compared to 82,023 units in September 2023.

On a month-on-month basis, sales increased slightly by 0.4%. The company attributed the sales decline to slow consumer demand and seasonal factors, with the Heavy Commercial Vehicle (HCV) segment affected by a slowdown in infrastructure project execution and reduced mining activity.

The company sold 4,680 electric vehicles (EVs) in September, down 23% year-over-year and 21% from August 2024, compared to 6,050 EVs sold in September 2023.

At 12:22 PM, the shares of Tata Motors were trading 0.027% higher at Rs 931.00 on NSE.

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