Retail volumes rose 9% on a year-on-year basis during the quarter, while both wholesale and retail volumes declined sequentially.
06 Jul 2024 | 1398 Views | By Autocar Pro News Desk
Tata Motors-owned Jaguar Land Rover posted 5% growth in its wholesale volumes during the first quarter of the financial year 2025 on a year-on-year basis amid sustained demand for luxury vehicles. Retail volumes rose at a higher rate of 9% on year.
The British luxury car maker dispatched 97,755 ...
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Tata Motors-owned Jaguar Land Rover posted 5% growth in its wholesale volumes during the first quarter of the financial year 2025 on a year-on-year basis amid sustained demand for luxury vehicles. Retail volumes rose at a higher rate of 9% on year.
The British luxury car maker dispatched 97,755 vehicles in the three months ended June. Retail volume came in at 111,180 units. The wholesale volumes exclude Chery Jaguar Land Rover China Joint Venture, while retail sales include the numbers from the Chinese joint venture.
“Wholesales of Range Rover and Range Rover Sport models increased in the first quarter by 22% and 46% respectively versus the previous year, due to the new body shop increasing production capacity in Solihull, West Midlands,” the company said in a press release.
“The overall mix of the most profitable Range Rover, Range Rover Sport and Defender models increased to 68% of total wholesale volumes, as part of the company’s focus on value within its Reimagine strategy,” the company added.
On a sequential basis, wholesale and retail volumes declined 11% and 3% respectively during the quarter, reflecting the cyclical fluctuation in volumes between the fourth quarter and the first quarter.
Autocar Professional has earlier reported that JLR expects a moderation in revenue growth to low single digits in the current financial year after reporting robust double-digit growth in the previous financial year.
Meanwhile, the automaker has revised its five-year investment plan till the financial year 2028 upwards by around 20 percent to £18 billion (Rs 1.9 lakh crore) with a significant part going into product development.
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