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Tata Motors gains after JLR reports stronger Q2 wholesale volumes
Tata Motors gained nearly 2% as JLR posted higher Q2 wholesale volumes and improved chip availability, prompting upward FY26 outlook revisions.
Tata Motors rose nearly 2% intraday after Jaguar Land Rover reported improved Q2 wholesale volumes alongside clearer visibility on semiconductor supplies. Analysts said stronger demand for premium SUVs in Europe and the US contributed to the beat, while improved chip availability helped reduce production bottlenecks. Market participants highlighted that JLR’s margin trajectory remains supported by a richer product mix and disciplined inventory management.
Brokerage houses raised FY26 revenue expectations, citing ongoing recovery trends and robust order books across key international markets.