Business Update8 Apr 2024, 10:15 pm
Jaguar Land Rover Reports 25% Year-on-Year Increase in Full-Year Wholesale Sales for FY24
AI Summary
Jaguar Land Rover (JLR), a subsidiary of Tata Motors Ltd, reported a 25% year-on-year increase in full-year wholesale sales for the fiscal year ended March 31, 2024. This growth was driven by improved production and sustained global demand. The company recorded wholesale volumes of 401,303 units for FY24 and retail sales of 431,733 units – a 22% year-on-year increase. Q4 sales also saw a growth of 16% in wholesale volumes and 11% in retail sales. Brands like Range Rover, Defender, Jaguar, and Discovery experienced varying degrees of growth in volumes.
Key Highlights
- Jaguar Land Rover reported a 25% year-on-year increase in full-year wholesale sales for FY24
- Improved production and sustained global demand led to this growth
- Wholesale volumes grew to 401,303 units and retail sales grew to 431,733 units in FY24
- Q4 wholesale volumes were up 16% and retail sales were up 11% compared to the same quarter last year
- Volume growth was seen in all brands: Range Rover (up 22%), Defender (up 5%), Jaguar (up 39%), and Discovery (up 1%) over the prior year