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

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