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The JLR wholesale volumes increased due to an improvement following supply disruptions in the second quarter of FY25. Wholesale volumes were higher in North America (up 44% YoY) and Europe (up 6% YoY), and lower in China (down 38% YoY), the UK (down 17% YoY) and Overseas (down 1% YoY) during the period under review. Wholesale volumes for JLR's three best-selling models for Q3 FY25 were up 22% for Range Rover, up 17% for Range Rover Sport, and up 13% for Defender, compared to Q3 FY24. Retail sales stood at 106,334 units in the third quarter FY25 (including the Chery Jaguar Land Rover China JV) were down 3% compared to Q3 FY24 and up 3% compared to Q2 FY25. The overall mix of the most profitable Range Rover, Range Rover Sport and Defender models increased to 70% of total wholesale volumes. In the quarter, demand for Range Rover was particularly strong with wholesale volumes up 48% compared to Q2 FY25, partly due to the resolution of temporary supply chain disruptions, but also up 22% compared to the same quarter a year ago, representing continued strong demand. Tata Motors, part of the Tata Group, is a global automobile manufacturer of cars, utility vehicles, pickups, trucks, and buses. The company reported a 9.97% decline in consolidated net profit to Rs 3,450 crore on a 3.74% fall in revenue from operations to Rs 104,444 crore in Q2 FY25 over Q2 FY24. The counter declined 1.87% to Rs 780 on the BSE. Powered by Capital Market - Live News |