Tata Motors Group reported a growth of 8% in its global wholesales (including Jaguar Land Rover) to 3,77,432 units in Q4 FY24, as compared to Q4 FY23.
Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q4 FY24 were at 1,11,591 units, lower by 6%, over the same period last year. Global wholesales of Tata Motors passenger vehicles in Q4 FY24 were at 1,55,651 units, higher by 15% as compared to Q4 FY23. Global wholesales for Jaguar Land Rover were 1,10,190 vehicles, higher by 16%. However, Jaguar wholesales for the quarter were 13,528 vehicles, while Land Rover wholesales for the quarter were 96,662 vehicles.
When it comes to JLR’s performance for the full year ended 31 March 2024, it reported retail sales of 4,436 units, highest for JLR India in last five years. It saw a year-on-year growth of 81%. Range Rover and Defender retail sales continued to grow with year-on-year increases of 160% and 120% respectively. The recently launched 2024 Model Year Discovery Sport and Range Rover Evoque grew by 50% and 55% year-on-year respectively. Total retail sales for the fourth quarter were 854 units, up 43% year-on-year.
“During the past year, JLR India has achieved a series of retail sales records, resulting in a strong full year position for the year ended 31 March 2024. We remain confident in our strategy and vision for the years to come. The positive gains we have made in the last year across our product segments, but particularly the Range Rover and Defender brands, reflect the growing demand for high-quality premium luxury vehicles in India. We remain committed to our discerning clientele as we continue to create the world’s most desirable luxury vehicles,” Rajan Amba, Managing Director, JLR India, said.
JLR’s certified pre-owned business grew by 28% year-on-year compared with the same period last year, reflecting the growing demand and the equity of JLR brands in India.