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3 min read | Updated on March 18, 2025, 16:16 IST
SUMMARY
Following the statement, shares of Tata Motors advanced 2.75% to ₹679.25 apiece on the National Stock Exchange
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In January this year, the company had hiked prices of its passenger vehicle portfolio by up to 3%. Image: Shutterstock
A day after increasing prices of its commercial vehicles, Tata Motors on Tuesday said it intends to increase prices of its passenger vehicle range, including electric vehicles, from April 2025, the second time this year.
The company, however, did not elaborate on the quantum of the proposed price hike.
Following the statement, shares of Tata Motors advanced 2.75% to ₹679.25 apiece on the National Stock Exchange.
In January this year, the company had hiked prices of its passenger vehicle portfolio by up to 3%.
Tata Motors sells a range of passenger vehicles, including electric vehicles ranging from the hatchback Tiago to the priced between ₹5 lakh and ₹25.09 lakh (ex-showroom Delhi).
The automaker on Monday said that it will hike prices of all commercial vehicles by up to 2%, starting April 1, 2025. “The price increase is to offset the rise in input costs and will vary as per individual model and variant,” the auto major said in an exchange filing on Monday.
Shares of Tata Motors remained under pressure for some time as investors were jittery amid Tesla’s entry into the Indian market. In the last five trading sessions, the scrip has gained 2.21%. However, for a six-month period, from September 18, 2024, the stock has slipped 29.45%.
Its market capitalisation stands at ₹2.50 lakh crore. The scrip had touched its 52-week low of ₹606.30 per share on March 3.
Tata Motors’ total commercial vehicle sales witnessed a significant decline of 7% to 32,533 units in February 2025 from 35,085 units reported in the same period last year.
Meanwhile, Tata Motors’ total sales in February tumbled 8.17% to 79,344 units as compared to 79,344 units in the same month last year.
The domestic sales of the company dropped 9% to 77,232 units in February 2025 as against 84,834 units sold in February 2024.
Further, as compared with 16,227 units in February 2024, its domestic sales of medium and heavy intermediate commercial vehicles (MH & ICV) stood at 5,940 units in February 2025. The total MH&ICV sales for domestic & international business in February 2025 stood at 16,693 units, up 0.81% compared to 16,663 units in February 2024.
Last week, the carmaker said it marked its return to Sri Lanka and announced the launch of its all-new range of passenger vehicles, including electric vehicles, in the country.
Tata Motors posted a 22% year-on-year (YoY) decline in its consolidated net profit to ₹5,451 crore due to weaker margins and muted Jaguar Land Rover (JLR) volumes. Its net profit stood at ₹7,025 crore in the year-ago quarter. The net profit increased by 63% when compared to the ₹3,343 crore reported in Q2 FY25.
The automaker’s revenue from operations for the reporting quarter increased marginally to ₹113,575, up 2.7% as against ₹109,799 crore reported in the previous fiscal.
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