JLR Q1 wholesale volume grow 5% YoY to 97,755 vehicles

Retail volumes rose 9% on a year-on-year basis during the quarter, while both wholesale and retail volumes declined sequentially.

By Autocar Pro News Desk calendar 06 Jul 2024 Views icon1082 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
JLR Q1 wholesale volume grow 5% YoY to 97,755 vehicles

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.

Read more: Jaguar Land Rover to revive Freelander as EV in China

Read more: JLR to invest over 1 lakh crore in EVs in 5 years

Budget sees no change on FAME subsidy

auther Autocar Pro News Desk calendar23 Jul 2024

The central government has rejected appeals to restore or at least increase subsidies for electric two-wheelers under th...

Budget 2024: Rural development push can boost auto sales

auther Autocar Pro News Desk calendar23 Jul 2024

In the budget speech, Finance Minister Nirmala Sitharaman said a provision of Rs 2.66 lakh crore has been made for rural...

Auto dealers applaud rural, aam aadmi focus of Union Budget 2024

auther Autocar Pro News Desk calendar23 Jul 2024

Automobile retailers have reacted positively to the Union Budget, adding that the renewed focus on the aam aadmi and the...