Tata Motors JLR Sees 5% YoY Increase in Q1 FY25 Wholesale Volumes

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Synopsis:

Tata Motors Jaguar Land Rover (JLR) reports a 5% YoY increase in Q1 FY25 wholesale volumes to 97,755 units. Retail sales also saw a substantial 9% YoY rise to 111,180 units. Key models like Range Rover and Range Rover Sport saw significant growth.

Tata Motors JLR Q1 News Today

Tata Motors announced a notable 5% year-on-year (YoY) increase in Jaguar Land Rover (JLR) wholesale volumes for Q1 FY25, totalling 97,755 units, excluding the Chery Jaguar Land Rover China JV. Retail sales also saw a substantial 9% YoY rise to 111,180 units, including the Chery JV.

Key Models Drive Profits

The wholesales of Range Rover and Range Rover Sport models significantly contributed to the growth, with a 22% and 46% YoY increase, respectively. This surge was largely due to the new body shop enhancing production capacity in Solihull, West Midlands.

As a part of JLR’s Reimagine strategy, the most profitable models—Range Rover, Range Rover Sport, and Defender—comprised 68% of the total wholesale volumes, focusing on high-value products.

Explore:Tata Motors Limited Share Price

Regional Sales Performance

North America saw a 43% YoY increase, the UK 14%, and Europe 4%. However, there were sequential declines in wholesale volumes by 11% and retail sales by 3%, reflecting typical cyclical fluctuations between Q4 and Q1.

Financial Highlights

Tata Motors reported a significant financial performance in Q4 FY24, with a consolidated net profit of ₹17,528.59 crore, a sharp increase from ₹5,496.04 crore in Q4 FY23. Revenue from operations also grew by 13.52% YoY to ₹1,19,213.35 crore for the quarter ending March 31, 2024.

Additional Read: Tata Motors Dvr A Ord Share Price

Production and Future Prospects

The growing demand for new models continues, with a waiting list of over 39,000 clients for the new Range Rover Electric. Additionally, the new Defender OCTA was recently unveiled, with exclusive events planned to introduce the product to select prospective clients.

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