JLR Q3 Busines Update | Wholesale volumes rise 27%, Range Rover Sport steals the show

The breakdown of wholesale volumes revealed standout performances for specific models. Range Rover Sport recorded 16,921 units, reflecting a substantial 49% increase, while Range Rover and Defender reported increases of 12% and 14%, respectively, when compared to the quarter ending December 31, 2022.

The wholesale volumes for the entire financial year to date totalled 291,113 units, exhibiting a robust 28% growth compared to the previous year.

On the retail front, JLR reported sales of 109,140 units in the third quarter, including figures from the Chery Jaguar Land Rover China JV. This represented a 29% surge compared to the same quarter in the previous year and a 2% increase compared to the quarter ending September 30, 2023.

Notably, retail volumes witnessed growth across all regions, with the UK leading at 55%, followed by overseas at 49%. China growth was at 28%, Europe at 27%, and North America at 6%.

"Retail sales for the third quarter were 109,140 units (including the Chery Jaguar Land Rover China JV), up 29% compared to the same quarter a year ago and up 2% compared to the quarter ended 30 September 2023," the automotive giant said.

The order book for JLR continues to show robust demand, with 148,000 client orders at the end of the third quarter. This figure, while slightly reduced from the 168,000 orders at the end of the second quarter, is indicative of increased order fulfilment to clients.

"The order book continues to reflect strong demand for JLR products with 148k client orders at the end of the third quarter. This has reduced from 168k at the end of the second quarter, reflecting increased order fulfilment to clients and resulting in improved client waiting times for our highly desirable vehicles," the company said.

The demand remains particularly strong for Range Rover, Range Rover Sport, and Defender, collectively representing 76% of the order book, reinforcing the appeal of these highly coveted vehicles in the market.

Shares of Tata Motors Ltd ended at ₹789.05, down by ₹1.50, or 0.19%, on the BSE.