Quarterly Result8 Jan 2025, 10:08 pm
Jaguar Land Rover Reports Strong Wholesales Growth in Q3FY25, Up 3% vs. Q3 FY24
AI Summary
Jaguar Land Rover (JLR), a wholly owned subsidiary of Tata Motors Limited, reported increased wholesale volumes for the third quarter of FY25. The wholesale volumes were up 3% compared to the same quarter a year ago and up 20% compared to the prior quarter. The growth was driven by strong demand for Range Rover, Range Rover Sport, and Defender models. Retail sales were down 3% compared to Q3 FY24 but up 3% compared to Q2 FY25.
Key Highlights
- Wholesale volumes in Q3 FY25 were up 3% vs. Q3 FY24 and up 20% vs. Q2 FY25
- Retail sales in Q3 FY25 were down 3% vs. Q3 FY24 but up 3% vs. Q2 FY25
- Wholesale volumes for JLR’s three best-selling models for Q3 FY25 were up 22% for Range Rover, up 17% for Range Rover Sport, and up 13% for Defender, compared to Q3 FY24
- Demand for Range Rover was particularly strong with wholesale volumes up 48% compared to Q2 FY25
- JLR will report full financial results for Q3 FY25 at the end of January