JLR Reports Tepid Sales For October-December 2024 Amid Jaguar Overhaul
JLR wholesales rose 3% year-on-year to 1,04,427 units in the third quarter of the fiscal ending March 2025, even as retail sales declined by a similar quantum to 106,334.
JLR shipped more cars, but fewer were registered in October-December 2024, even as supply disruptions eased. That, even as Jaguar undergoes a metamorphosis to emerge as an electric-only brand.
Wholesales of the luxury unit of India’s Tata Motors Ltd. rose 3% over the year-ago period to 104,427 units in the third quarter of the fiscal ending March 2025, according to a stock exchange filing on Wednesday. Sequentially, dispatches were up 20%. Volumes were higher in North America and Europe and lower in China, the UK, and other international markets.
The Range Rover, Range Rover Sport, and Defender made up 70% of the wholesales. Demand for the Range Rover was particularly strong—volumes rose 22% over the year earlier and 48% sequentially, indicating an easing of supply disruptions.
However, JLR’s retail sales disappointed.
Registrations of JLR cars fell 3% year-on-year to 106,334 units in October-December 2024. Sequentially, they were up just 3%. In the nine months through December, retail sales were largely flat at 320,622 units.
JLR will report its third-quarter financials at the end of January.
On Wednesday, Tata Motors shares rose 0.18% to Rs 794.85 apiece on the BSE even as the benchmark Sensex ended the day 0.06% lower at 78,148.49 points.
