Indian automaker Tata Motors stated on Monday its Jaguar Land Rover’s fourth-quarter gross sales rose 11% from a yr earlier to 114,038 items, pushed by elevated manufacturing and sustained international demand.
Full-year gross sales for the monetary yr 2024 additionally climbed 22% to 431,733 items, the corporate stated in a press release.
Gross sales of Jaguar Land Rover (JLR), which contributes to two-thirds of Tata Motors’ complete income, helped the latter report its first annual revenue in 5 years in fiscal 2023.
JLR gross sales additionally led Tata Motors, India’s prime carmaker by income, to smash its third-quarter revenue estimates when the corporate posted its leads to February.
Final month, Tata Motors stated it’s going to cut up into two listed entities and separate its industrial autos enterprise from its passenger autos arm, which homes the profitable JLR enterprise.
, which contributes to two-thirds of Tata Motors' total revenue, helped the latter report its first annual profit in five years in fiscal 2023.){kind=link}