Tata Motors subsidiary Jaguar Land Rover (JLR) announced a remarkable 27 percent Year-on-Year (YoY) growth in Q3 sales, totaling 101,043 units. The YTD (Year-to-Date) wholesales for FY24 surged by 28 percent, reaching 291,113 units, while retail sales witnessed a substantial 29 percent increase, reaching 109,140 units.
Jaguar Land Rover, under the ownership of Tata Motors, disclosed that the third-quarter total wholesale sales marked a significant uptick of 27 percent, achieving the highest wholesales in 11 quarters during this period. The information was conveyed through a JLR statement posted on the BSE by Tata Motors.
The year-to-date wholesales for FY24 further reflected a robust performance, boasting a 28 percent increase compared to the previous year, reaching 2,91,113 units. The order book, with 1.48 lakh customer orders at the end of the third quarter, highlights the sustained high demand for JLR products.
Despite a slight decrease from the second quarter, with 1.68 lakh orders, the end-of-quarter figure indicates improved order fulfillment to customers and reduced waiting periods for the cars. Notably, 76% of the order book continues to be filled with requests for popular models such as Range Rover, Range Rover Sport, and Defender.
As of 1:19 pm, Tata Motors shares were trading 1.79% higher at ₹803.20, reflecting positive market sentiment in response to the encouraging sales performance of its subsidiary, Jaguar Land Rover.
