JLR Q4 sales up 11% to 114,038 units

Indian automaker Tata Motors said on Monday its Jaguar Land Rover's fourth-quarter sales rose 11% from a year earlier to 114,038 units, on the back of increased production and sustained global demand.

Full-year sales for the financial year 2024 also climbed 22% to 431,733 units, the company said in a statement.

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).

Retail sales for the fourth quarter were 114,038 units (including the Chery Jaguar Land Rover China JV), up 11% compared to the same quarter a year ago and up 4% compared to the quarter ended 31 December 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.

For the full year ended 31 March 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. JLR will report results for the fourth quarter and full financial year ended 31 March 2024 in May 2024.