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Tata Motors' JLR April Sales Surge 19% to 5,627 units in UK

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Synopsis:

Tata Motors' Jaguar Land Rover registrations in the UK soared by 19% in April 2024, totalling 5,627 units compared to 4,722 units in April 2023. The overall UK new car registrations saw a modest rise of 0.97% to 134,274 units in April 2024. Land Rover registrations increased by 6.65%, reaching 4,298 units, while Jaguar registrations witnessed a substantial surge of 92.05% to 1,328 units. Tata Motors reported significant financial growth, with a consolidated net profit of ₹3,764 crore in Q3 FY24, a substantial improvement from the net loss of ₹944.61 crore in Q3 FY23.

Tata Motors News Today

Tata Motors subsidiary Jaguar Land Rover (JLR) saw a substantial rise in registrations to 5,627 units in the UK during April 2024, marking a 19% increase from the previous year’s 4,722 units.

Explore: Tata Motors Share Price

Land Rover and Jaguar Performance

Within the JLR portfolio, Land Rover registrations witnessed a solid growth of 6.65%, reaching 4,298 units in April 2024, while Jaguar registrations surged dramatically by 92.05% to 1,328 units during the same period.

Rise in UK New Car Registrations

The Society of Motor Manufacturers and Traders (SMMT) released data revealing a 0.97% rise in new car registrations across the United Kingdom in April 2024, reaching a total of 134,274 units, compared to 132,990 units in April 2023.

Additional Read: Tata Motors- Key Insights

Tata Motors' Financial Performance

Tata Motors, the parent company of JLR, reported impressive financial results, with a consolidated net profit of ₹3,764 crore in Q3 FY24, showcasing a significant improvement from the net loss of ₹944.61 crore in Q3 FY23. Revenue from operations also saw a robust growth of 32.5% year-on-year, amounting to ₹1,04,443.06 crore in the quarter ending December 31, 2023.

Sources:

https://www.business-standard.com
/markets/capital-market-news/tata-motors-uk-jlr-registration-rises-19-yoy-in-april-124050700875_1.html

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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