Mumbai, July 8, 2024 – Tata Motors Group has announced a robust performance in the first quarter of the fiscal year 2025 (Q1 FY25), with global wholesales, including Jaguar Land Rover (JLR), reaching a total of 3,29,847 units. This represents a commendable 2% increase compared to the same period last year (Q1 FY24).
The commercial vehicle segment of Tata Motors, which includes the Tata Daewoo range, showed significant growth. The total global wholesales for this category in Q1 FY25 stood at 93,410 units, marking a 6% rise from Q1 FY24. This surge highlights the strong demand and successful market penetration of Tata Motors’ commercial vehicles globally.
Conversely, Tata Motors’ passenger vehicle segment experienced a slight dip. The global wholesales for this category in Q1 FY25 were recorded at 138,682 units, which is 1% lower than the figures reported in Q1 FY24. Despite this minor decline, Tata Motors continues to hold a substantial market share in the passenger vehicle segment, reflecting its sustained popularity and customer trust.
Jaguar Land Rover (JLR), a key subsidiary of Tata Motors, reported impressive growth. The global wholesales for JLR in Q1 FY25 reached 97,755 units, a 5% increase compared to the same quarter in the previous year. Breaking down these figures, Jaguar’s wholesales were 8,227 vehicles, while Land Rover’s wholesales were significantly higher at 89,528 vehicles. These numbers underscore JLR’s strong performance and the continued consumer preference for its luxury vehicles.
It is important to note that the reported figures for JLR do not include the volumes from the China joint venture (CJLR), which is a collaboration between Jaguar Land Rover and Chery Automobiles. CJLR operates as an unconsolidated subsidiary for JLR, and thus its volumes are reported separately.
Tata Motors Group’s overall performance in Q1 FY25 reflects its strategic growth initiatives and resilient market presence across various segments. As the company continues to innovate and adapt to changing market dynamics, it remains well-positioned to sustain its growth trajectory in the global automotive industry.
