Tata Motors’ JLR Q3 performance: Wholesales up 3%, retails down3%; check details

Jaguar Land Rover (JLR), Tata Motors’ wholly owned subsidiary, reported a 3% year-over-year (YoY) increase in its wholesale volumes to 104,427 units in the third quarter of FY25, according to a regulatory filing. The company posted a 3% YoY drop in its retail sales to 1,06,334 units. Retail sales for the financial year to date were 320,622, up 1% compared to the prior year.

"Wholesale volumes of 104,427 units in the third quarter of FY25 (excluding the Chery Jaguar Land Rover China JV) were up 3% compared to the same quarter a year ago and up 20% compared to the prior quarter ended 30 September 2024," Tata Motors said.

For the quarter ended December 31, 2024, the company’s wholesale volumes were higher in North America (+44%) and Europe (+6%), and lower in China (-38%), the UK (-17%) and Overseas (-1%) when compared to the previous year. Wholesale volumes for the financial year to date were 289,485, down 1% compared to last year.

The share of the most profitable Range Rover, Range Rover Sport, and Defender models rose to 70% of total wholesale volumes. Significant year-on-year gains were seen in these models, with the Range Rover rising by 22%, the Range Rover Sport increasing by 17%, and the Defender growing by 13%.

The Range Rover saw robust demand in the reporting quarter, with wholesale volumes increasing by 48% as compared to the second quarter of the current fiscal year. This boost was partly due to the resolution of temporary supply chain disruptions, but it also marked a 22% increase from the same quarter last year, indicating sustained growth in demand.

Tata Motors is India’s largest automobile company. It has operations in the UK, South Korea, Thailand, South Africa and Indonesia through its subsidiaries and associate companies. Among these is Jaguar Land Rover, a British multinational automobile company producing luxury vehicles and SUVs.

On the day of the announcement of its Q3 auto sales, January 8, Tata Motors’ stock ended 0.18% up at ₹794.85 on the BSE.

Tata Motors shares ended 1.7% down at ₹781.40 apiece on the NSE on January 9.