Tata Motors also sees the contribution of its electric vehicles to its overall passenger vehicles sales reaching double digits soon, from about 6 per cent at present
On the outlook for JLR, the company said the semiconductor shortage is expected to continue through 2022 but is expected to gradually improve as capacity within the supply base increases
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While India volumes remain strong, JLR sales have been muted in the December quarter
On Wednesday, after market hours, Tata Motors announced that its subsidiary, Jaguar Land Rover recorded a 37.6 per cent year on year (YoY) drop in retail sales to 80,126 units in Q3.
Auto majors Maruti and Tata Motors are likely to be in focus today, the former for registering highest exports in a calendar year, and the latter for becoming the second largest PV seller in India.
Tata Motors shipped 35,461 units of passenger vehicles (PVs) to its dealers in December 2021
Price hikes, running costs and supply side pressures are the key concerns
In the third quarter ended December 2021, the company said its total passenger vehicle sales stood at 99,002 units as compared with 68,806 units sold the same period in the previous year
Going ahead, analysts at Motilal Oswal Financial Services see easing semiconductor supplies supporting PV wholesales, but the two-wheeler segment will take time to recover
Automobile shares may breakout after crossing significant resistances
Auto stocks are likely to be in focus as the stocks could react to the monthly sales numbers.
It's the first time that govt companies are not India's biggest biz group
The Grey Market Premium (GMP) indicates a likely listing gain of 15-20 per cent for Medplus Health Services
This comes at a time when even after three months since announcement of winding-up of operations, Ford India could not reach a settlement with unions regarding a severance package for 4,000 employees
Due to increase in the prices of commodities an increase in price by 2.5% will be implemented from January 1, 2022 , says the company
Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent
Growth was led by passenger vehicles, whose sales jumped 32% even as most other manufacturers saw production take a hit due to ongoing chip shortage