Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has reported its retail sales declined by 36 per cent to 79,008 units in the fourth quarter of 2021-22 fiscal as compared with same period last year. The retail sales for the three-month period continued to be constrained by the global semiconductor shortage. However, the company saw a gradual improvement in chip supply leading to improved production and wholesale volumes compared to the previous quarter and this is expected to continue through the next fiscal year.
Jaguar sales for the period under review stood at 14,574 units, down 38 per cent from the year-ago period. Retail sales for the fiscal year ending March 31, 2022 were 3,76,381 units, down 14 per cent as compared to the fiscal year ending March 31, 2021.
Despite the impact of the semiconductor shortage on production and sales, the company continues to see strong demand for its products with global retail orders again setting new records in the fourth quarter. As on March 31, 2022, the total order book has grown to over 1,68,000 units, up around 14,000 orders from December 31, 2021 period. Demand for the new Range Rover and New Defender are particularly strong with over 45,500 orders and 40,000 orders respectively.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 355.35 |
| Maruti Suzuki | 13725.40 |
| Mahindra & Mahindra | 3329.50 |
| Hyundai Motor India | 1852.45 |
| Mercury Metals | 30.94 |
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