Tata Motors has defeated Maruti Suzuki to become the most valuable automobile company in India.
Tata has recorded a capitalization of Rs. 3.146 lakh crore, as compared to Maruti Suzuki’s market cap of Rs. 3.13 lakh crore.
Read on to find out all the details about Tata Motors’ cap surge!
Tata Motors Reports Gain in Shares of 2.19%
Tata Motors reported a gain in the shares of 2.19% to close at Rs. 859.25; this was a 52-week high of Rs. 886.30 during intraday trade.
Tata Motors’ market capitalization is a combination of the market value of Tata Motors’ DVR (differential voting rights) shares, valued at Rs. 29,119 crore, and its common shares valued at Rs. 2.855 lakh crore.
On the other hand, Maruti Suzuki Industries Limited reported a decrease in the shares by 0.36% and ended trading at Rs. 9957.25 on the Bombay Stock Exchange.
In the last 12 months, Tata Motors’s stock has rallied by 115% in the last 12 months and MSIL’s increase was reported to be a 22.51% increase during the same time period.
As per reports, Mahindra and Mahindra has a market capitalization of Rs. 2.01 lakh crores and is a strong competitor for both Tata Motors and MSIL in the Indian automobile market.
Credit of Tata Motors’ Market Capitalization Surge Goes To JLR
The credit for improvement in Tata Motors’ market capitalization goes to quality performance and sales at the Jaguar Land Rover (JLR). In fact, it accounts for two-thirds of the parent company’s revenues.
Additionally, during the quarter ended December 31, 2023, JLR has recorded the highest wholesales in 11 quarters.
In July 2023, Tata Motors also announced its plans to simplify its capital structure by converting its DVR shares into ordinary shares.
Additionally, Tata Motors holds around 75% market share and it is targeting 50% of its wholesales to be electric by 2030 in the domestic electric vehicle market.
