Retail sales for the quarter also fell 15.1% YoY to 94,420 units, reflecting broader challenges during the period. On a sequential basis, wholesales declined 21.7%, while retail volumes dropped 12.8% compared to Q4FY25.
Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70%
The UK was the most affected market, with wholesales down 25.5% YoY, due to the cessation of Jaguar XE, XF, and F-TYPE production in May 2024, part of JLR’s transition toward electric vehicles.North America and Europe also registered declines of 12.2% and 13.6% respectively. In contrast, volumes rose in the MENA region (20.5%), Overseas markets (4.6%), and China (1%).
Despite lower volumes, JLR continued to focus on high-margin vehicles. The combined share of Range Rover, Range Rover Sport, and Defender models rose to 77.2% of total wholesales, up from 66.3% in Q4FY25 and 67.8% a year ago, highlighting a stronger premium tilt in its portfolio.
The company noted that the sales decline in the US was due to a temporary pause in shipments during April, following the implementation of fresh tariffs.
Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72%
JLR’s financial results for the quarter are expected in August.
Tata Motors stock is down 30% over the past 12 months, but has delivered an impressive 530% return over the last five years. The company’s market capitalisation currently stands at Rs 2,53,597 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
