Tata Motors Passenger Vehicles Ltd.

Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover has reported 11% growth in retail sales to 114,038 units (including the Chery Jaguar Land Rover China JV) during Q4FY24 as compared to same quarter a year ago and up 4% compared to the quarter ended December 31, 2023. Compared to the prior year, retail sales in the quarter were up 32% in the UK, 21% in North America, and 16% Overseas. Compared to the prior year, retail sales in China were down 9% and down 2% in Europe for the quarter.

Wholesale volumes of 110,190 units in the fourth quarter (excluding the Chery Jaguar Land Rover China JV) were up 16% compared to the same quarter a year ago and up 9% compared to the quarter ended December 31, 2023. By brand, compared to the prior year, wholesale volumes increased in the quarter for Range Rover (up 22% to 58,280 units), Defender (up 5% to 28,702 units), Jaguar (up 39% to 13,528 units) and Discovery (up 1% to 9,680 units).

In full year ended March 31, 2024, sales are up over 20% year-on-year reflecting improved production and sustained global demand. For the full year ended March 31, 2024, wholesale volumes were 401,303 and retail sales were 431,733, up 25% and 22% respectively compared to the prior year; wholesale volumes and retail sales were up in all regions compared to the prior year.

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.