Nov 12, 08:37 AM

Tata Motors Forecasts Better Q3 Amid Mixed Q2 Results; Shares Rebound 4.98% to ₹831.20

Tata Motors forecasts a better Q3 driven by a positive festive season, with Jaguar Land Rover (JLR) maintaining its outlook. Tata Motors, India's largest electric vehicle player, aims for strong passenger vehicle retail growth, supported by new model rollouts and targeted marketing. For Q2FY25, Tata Motors reported consolidated revenue of ₹101.5K crore, a 3.5% decline, and EBITDA of ₹11.6K crore. The company posted a pre-tax loss of ₹0.4K crore and PBT (bei) of ₹5.8K crore. Despite weak Q2 results, Tata Motors' shares fell 1.73% but rebounded, rising 4.98% to ₹831.20, due to valuation comfort, with the share price holding at ₹827.

#Tata Motors #Jaguar Land Rover #India

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