Tata Motors share price declines 3% as supply constraints hit JLR Q2 wholesales; analysts cut estimates
Stock Market Today: Tata Motors share price declined 3% in the morning trade on Tuesday, October 8, following a drop in wholesale sales of Jaguar Land Rover (JLR) during the September quarter of financial year 2024-25 (Q2 FY25).
Tata Motors share price opened at ₹918.10 on the BSE today, more than 1% lower than its previous close of ₹928.10. Tata Motors share price thereafter declined to ₹893.90, marking a correction of over 3%
Supply constraints impact production, wholesales
Tata Motors in a release on Monday said that JLR wholesales in Q2 FY25 stood at 87,303 units, down 10% year-on-year (YoY). Analysts attributed the decline to supply constraints.
