Tuesday, July 23, 2024

Tata Motors Reports 2% Growth in Global Wholesales for April-June

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Tata Motors Group, which includes Jaguar Land Rover, announced that its global wholesales for the April-June quarter of FY25 reached 329,847 vehicles, marking a 2% increase compared to the same period last fiscal year.

Global Wholesales Breakdown

In the commercial vehicles segment, including Tata Daewoo, Tata Motors sold 93,410 units, reflecting a 6% rise from Q1 FY24. However, global wholesales of passenger vehicles, including electric vehicles, totaled 138,682 units, showing a slight decline of 1%.

Tata Motors Global Wholesales: Performance of Jaguar Land Rover

Performance of Jaguar Land Rover

Jaguar Land Rover, a significant part of Tata Motors Group, reported sales of 97,755 vehicles, which represents a 5% increase. The breakdown includes 8,227 Jaguar vehicles and 89,528 Land Rover vehicles sold during the quarter.

Domestic and International Market Sales

In the domestic and international markets combined, Tata Motors sold 229,891 vehicles in Q1 FY25, compared to 226,245 units in Q1 FY24. Notably, domestic sales of Tata Motors’ commercial vehicles amounted to 87,615 units, marking a 7% increase over the previous fiscal year. Additionally, June 2024 sales showed a 3% rise compared to May 2024 figures.

Executive Insights

Girish Wagh, Executive Director of Tata Motors Ltd., commented on the performance, highlighting the positive growth in Tata Motors commercial vehicle global wholesales and the steady market expansion.

Tata Motors Global Presence

Tata Motors, a leading global automobile manufacturer, has made significant strides in the international market. Known for its innovative engineering and commitment to sustainability, Tata Motors offers a diverse range of vehicles, from compact cars to heavy-duty trucks and buses.

With a strong presence in over 125 countries, the company operates manufacturing plants and design centers across the globe. Its subsidiaries, including Jaguar Land Rover, further enhance its global footprint. By focusing on cutting-edge technology, electric mobility, and customer satisfaction, Tata Motors continues to drive forward as a prominent player in the global automotive industry.

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