Tata Motors Passenger Vehicles Ltd.

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has reported a 37 per cent decline in retail sales at 78,825 units in the quarter ended June (Q1FY23), impacted by semiconductor shortage, COVID-19 lockdowns in China and new model transition of Range Rover Sport. Sales of Jaguar brand were down 48 per cent at 15,207 units in the April-June period of 2022, while that of Land Rover were also lower by 33 per cent at 63,618 units.

Despite a record order book, sales continue to be constrained by the global chip shortage, compounded by the run out of the prior model Range Rover Sport, with deliveries just starting, and the impact of Covid lockdowns in China. However, JLR continues to see strong demand for its products, with global retail orders again setting new records in the quarter. As of June 2022, the total order book has grown to almost 2 lakh units, up around 32,000 orders from March 2022.

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.