Ratan Tata led, Tata Motors subsidiary, reported a 7% drop in production to around 86,000 units for the recent quarter.
Ratan Tata led Tata Motors on Tuesday reported an 11 per cent decline in group wholesales, including Jaguar Land Rover, at 3,04,189 units in the second quarter of the ongoing fiscal as compared to the same period last year.
Global wholesales of Tata Motors passenger vehicles in Q2 FY25 were at 1,30,753 units, lower by 6 per cent as compared to Q2 FY24, the company said in a statement.
Jaguar Land Rover Drop in Production
Similarly, the global wholesales for Jaguar Land Rover were at 87,303 units, lower by 10 per cent as compared to Q2 FY24, it added.
Jaguar’s wholesales for the quarter were 5,961 vehicles, while Land Rover’s wholesales for the quarter were 81,342 vehicles, the company said.
Tata Motors said global wholesales of its all commercial vehicles and Tata Daewoo range in Q2 FY25 were at 86,133 units, lower by 19 per cent as compared to Q2 FY24.
Jaguar Land Rover Global Sales
Jaguar Land Rover (JLR), a Tata Motors subsidiary, reported a 7% drop in production to around 86,000 units for the recent quarter, mainly due to supply disruptions from a key aluminium supplier. Wholesale volumes, excluding the China JV, fell 10% year-on-year.
JLR also held 6,500 vehicles for quality checks, primarily in the UK and Europe. However, retail sales increased by 3% year-on-year, reaching 2.14 lakh units. The company expects production and sales to recover in the second half as aluminium supply stabilizes, with Q2 FY25 financial results due in November.
Tata Motors Limited
It is an Indian multinational automotive company and part of the Tata Group. The company produces cars, trucks, vans, and buses.
Subsidiaries include British Jaguar Land Rover and South Korean Tata Daewoo. Tata Motors has joint ventures with Hitachi (Tata Hitachi Construction Machinery) and Stellantis, which makes vehicle parts for Fiat Chrysler and Tata-branded vehicles.
(With Inputs From PTI)