NIFTY 50 22,874.65 Down stock -70.65 (-0.31%)
NIFTY 100 23,300.10 Down stock -31.30 (-0.13%)
NIFTY 500 20,657.40 up stock 46.00 (0.22%)
NIFTY MIDCAP 50 14,082.65 up stock 85.90 (0.61%)
INDIA VIX 15.58 Down stock -0.09 (-0.57%)
NIFTY MIDCAP 150 18,541.55 up stock 165.70 (0.90%)
NIFTY SMALLCAP 50 7,473.00 up stock 127.00 (1.73%)
NIFTY BANK 49,323.20 up stock 235.90 (0.48%)
NIFTY AUTO 21,735.05 Down stock -83.85 (-0.38%)
NIFTY FMCG 52,297.05 Down stock -183.45 (-0.35%)
NIFTY IT 40,847.25 Down stock -617.10 (-1.49%)
NIFTY MEDIA 1,487.60 up stock 14.95 (1.02%)
NIFTY METAL 8,320.30 up stock 64.70 (0.78%)
NIFTY PHARMA 20,750.90 Down stock -218.30 (-1.04%)
NIFTY PRIVATE BANK 24,651.90 up stock 151.30 (0.62%)
NIFTY REALTY 842.35 up stock 10.30 (1.24%)
NIFTY OIL & GAS 10,017.55 up stock 45.50 (0.46%)
NIFTY COMMODITIES 7,811.20 up stock 29.35 (0.38%)
NIFTY ENERGY 31,088.45 up stock 239.40 (0.78%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 22,874.65 Down stock -70.65 (-0.31%)
NIFTY 100 23,300.10 Down stock -31.30 (-0.13%)
NIFTY 500 20,657.40 up stock 46.00 (0.22%)
NIFTY MIDCAP 50 14,082.65 up stock 85.90 (0.61%)
INDIA VIX 15.58 Down stock -0.09 (-0.57%)
NIFTY MIDCAP 150 18,541.55 up stock 165.70 (0.90%)
NIFTY SMALLCAP 50 7,473.00 up stock 127.00 (1.73%)
NIFTY BANK 49,323.20 up stock 235.90 (0.48%)
NIFTY AUTO 21,735.05 Down stock -83.85 (-0.38%)
NIFTY FMCG 52,297.05 Down stock -183.45 (-0.35%)
NIFTY IT 40,847.25 Down stock -617.10 (-1.49%)
NIFTY MEDIA 1,487.60 up stock 14.95 (1.02%)
NIFTY METAL 8,320.30 up stock 64.70 (0.78%)
NIFTY PHARMA 20,750.90 Down stock -218.30 (-1.04%)
NIFTY PRIVATE BANK 24,651.90 up stock 151.30 (0.62%)
NIFTY REALTY 842.35 up stock 10.30 (1.24%)
NIFTY OIL & GAS 10,017.55 up stock 45.50 (0.46%)
NIFTY COMMODITIES 7,811.20 up stock 29.35 (0.38%)
NIFTY ENERGY 31,088.45 up stock 239.40 (0.78%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 18:32 IST, January 29th 2025

Range Rover Electric: Tata Motors Shares Update On Testing Of EV

On Wednesday, Tata Motors has reported a 22 percent year-over-year decline in net profit for the third quarter of fiscal year 2025.

Reported by: Business Desk
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Range Rover Electric
Jaguar Land Rover UK | Image: Jaguar Land Rover

Tata Motors announced that its British luxury arm Jaguar Land Rover has successfully completed rigorous prototype testing of its the Range Rover Electric, has  This milestone marks a significant step toward the vehicle's anticipated launch in 2025.

“Range Rover Electric testing nears completion,” Tata Motors stated while announcing its Q3 FY results.

Financial Highlights 

On Wednesday, Tata Motors has reported a 22 percent year-over-year decline in net profit for the third quarter of fiscal year 2025 (Q3 FY25), ending December 31, 2024, with earnings totaling Rs 5,451 crore. This decrease is attributed to challenges in the electric vehicle (EV) segment and supply chain disruptions.

The company's revenue from operations rose 2.7 percent on-year to Rs 1,13,575 crore, driven by a modest improvement in overall sales. However, its earnings before interest, tax, depreciation, and amortisation (EBITDA) margins fell 60 basis points year-on-year to 13.7 percent. 

Following the announcement, Tata Motors' stock closed 3.65 percent higher at 754.80 per share on NSE .

Management's Outlook

Tata Motors maintained that it expects demand to improve gradually, supported by infrastructure investments, upcoming product launches, and stable interest rates. JLR’s wholesale volumes are projected to improve further in the fourth quarter, though the company remains cautious about overall demand trends, particularly in China.

P.B Balaji, Group Chief Financial Officer of Tata Motors, acknowledged the impact of external challenges on the company's performance during the quarter. He emphasized that the business fundamentals remain strong and expressed confidence in a performance recovery in the upcoming quarters. Balaji stated, "As supply challenges ease and demand picks up, we are confident of steady improvement in our performance."

“We delivered sequential improvement across all businesses in Q3. Our fundamentals remain strong, and despite external challenges, we are confident of delivering another strong performance this year,” added  Balaji.

 

Published 18:29 IST, January 29th 2025