Due to higher production and ongoing demand worldwide, Indian carmaker Tata Motors reported that sales of Jaguar Land Rover in the fourth quarter of 2018 jumped 11% to 114,038 units over the same period the previous year.
As per the company’s statement, full-year sales for the fiscal year 2024 increased by 22% to 431,733 units.
Wholesale volumes for each brand rose in the quarter compared to the previous year: Range Rover saw a 22% increase in sales to 58,280 units, Defender saw a 5% increase to 28,702 units, Jaguar saw a 39% increase to 13,528 units, and Discovery saw a 1% increase to 9,680 units.
With the Chery Jaguar Land Rover China JV included, retail sales for the fourth quarter were 114,038 units, up 11% from the same period the previous year and 4% from the quarter that concluded on December 31, 2023.
Retail sales during the quarter increased by 32% in the UK, 21% in North America, and 16% overseas as compared to the same period last year. Retail sales for the quarter were down 2% in Europe and down 9% in China when compared to the same period last year.
For the full year ended 31 March 2024, wholesale volumes were 401,303 and retail sales were 431,733, up 25% and 22% respectively compared to the prior year; wholesale volumes and retail sales were up in all regions compared to the prior year. JLR will report results for the fourth quarter and full financial year ended 31 March 2024 in May 2024.