Tata Motors — the Tata group auto major that owns British luxury carmaker Jaguar Land Rover (JLR) — on Friday reported group global wholesales of 3,61,361 vehicles in the quarter ended March 2023. The figure included sales of Jaguar Land Rover, whose popular models include Range Rover Evoque, Range Rover Sport, Discovery Sport and Jaguar F-PACE. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The quarterly sales marked an increase of eight per cent compared with the corresponding period a year ago, according to a company statement. 

Tata Motors said global wholesales of its passenger vehicles (PVs) stood at 1,35,654 vehicles in the three-month period, including electric vehicles (EVs), marking growth of 10 per cent compared with the year-ago period.

The Tata group auto giant said global wholesales of all of its commercial vehicles and the Tata Daewoo range, however, declined three per cent on a year-on-year basis to 1,18,321 vehicles. 

Tata Motors global sales: How Jaguar and Land Rover fared in the January-March 2023 period 

Tata Motors said total global wholesales of Jaguar Land Rover stood at 1,07,386 vehicles in the quarter ended March 2023, including CJLR sales of 12,737 vehicles. CJLR is a joint venture between JLR and Chery Automobiles.
 
According to Tata Motors, the wholesales of Jaguar and Land Rover were as follows: 
  • Jaguar: 15,499 vehicles
  • Land Rover: 91,887 vehicles

Tata Motors domestic sales

Last week, Tata Motors reported sales of 44,044 passenger vehicles in the domestic market in March 2023, an increase of 4.1 per cent compared with the corresponding period a year ago. The sales fell short of analysts' estimates. 

Its total commercial vehicle (CV) sales, however, declined 0.5 per cent to 46,823 units. 

According to Zee Business research, Tata Motors' domestic passenger vehicle sales were estimated at 47,000 and commercial vehicles at 45,000.   

Tata Motors reported total sales of 86,718 vehicles in the domestic market, up three per cent on a year-on-year basis. 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.