Tata Motors Passenger Vehicles Ltd.

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Tata Motors’ arm reports 4.9% decline in retail sales in Q2FY23

Date: 08-10-2022

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has reported a 4.9 per cent decline in retail sales at 88,121 units in the second quarter ended on September 30, 2020 (Q2FY23). The company had posted retail sales of 92,710 units in the same quarter previous fiscal.

Sales of the Jaguar brand were at 17,340 units in the second quarter as against 19,248 units in the year-ago period, down 9.9 per cent. Similarly, sales of Land Rover brand were down 3.65 per cent at 70,781 units as compared to 73,462 units in the same quarter a year ago.

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.