Tata Motors' JLR Sees Retail Sales Jump 9% In Q1, Wholesale Volumes Up 5%

Jaguar Land Rover (JLR), a wholly-owned subsidiary of Tata Motors Limited, reported its sales figures for the June quarter on Friday evening.

What Happened: JLR announced that its wholesale volumes for the April-June period were 97,755 units, a 5% increase compared to Q1 FY24. Retail sales also saw a rise, with 1.11 units sold in the June quarter, a 9% increase from the same period the previous year.

The company’s most profitable models, the Range Rover, Range Rover Sport, and Defender, made up 68% of total wholesale volumes and 59% of total retail sales. The new Range Rover Electric model has also seen significant interest, with over 39,000 clients signed up on the waiting list.

See Also: Tata Motors’ Punch Is India’s Best Selling Car Again, Nexon Also In Top 10 In June

However, compared to the previous quarter, wholesale volumes and retail sales declined by 11% and 3% respectively, reflecting the cyclical fluctuation in volumes between Q4 and Q1. JLR will report its full financial results for the June quarter at the end of July or the beginning of August.

In June, Tata Motors’ total sales were 75,604 units, a 7.4% decline from June 2023, missing analyst estimates. However, JLR clocked a 5% year-on-year increase in U.K. sales to 6,421 units in June, following a 29% year-on-year jump in May sales.

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Posted In: EquitiesNewsRetail SalesMarketsJaguar Land RoverTata GroupTata Motors