New Delhi: Jaguar Land Rover (JLR), a wholly-owned subsidiary of Tata Motors, Monday reported that its full 12 months ended March 31, 2024, wholesale volumes have been 401,303 and retail gross sales have been 431,733, up 25% and 22% respectively in comparison with the prior 12 months; wholesale volumes and retail gross sales have been up in all areas in comparison with the prior 12 months reflecting improved manufacturing and sustained international demand, the corporate stated.The wholesale volumes of 110,190 models within the fourth quarter (excluding the Chery Jaguar Land Rover, the China JV) have been up16% in comparison with the identical quarter a 12 months in the past and up 9% in comparison with the quarter ended 31 December 2023.
In comparison with the prior 12 months, the model’s wholesale volumes elevated within the quarter for Vary Rover (up 22% to 58,280 models), Defender (up 5% to twenty-eight,702 models), Jaguar (up 39% to 13,528 models) and Discovery (up 1% to 9,680 models), the corporate stated in a media launch.
Retail gross sales for the fourth quarter have been 114,038 models (together with the Chery Jaguar Land Rover China JV), up 11% in comparison with the identical quarter a 12 months in the past and up 4% in comparison with the quarter ended 31 December 2023. In comparison with the prior 12 months, retail gross sales within the quarter have been up 32% within the UK, 21% in North America, and 16% Abroad. In comparison with the prior 12 months, retail gross sales inChina have been down 9% and down 2% in Europe for the quarter.
JLR will report outcomes for the fourth quarter and full monetary 12 months ended March 31, 2024 in Could 2024, the discharge added.
