Tata Motors Group global wholesales, including Jaguar Land Rover (JLR), dropped 35% to 231,929 units in Q4 March 2020 over Q4 March 2019.
The global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range slumped 49% to 72,608 units in Q4 March 2020 over Q4 March 2019. Global wholesales of all passenger vehicles in Q4 March 2020 stood at 159,321 units, lower by 26% as compared to Q4 March 2019.
The global wholesales figures for Jaguar Land Rover stood at 126,979 vehicles (JLR number for Q4 FY 2020 includes CJLR volumes of 6,288 units). Jaguar wholesales for the quarter stood at 32,940 units, while Land Rover wholesales was at 94,039. The announcement was made during trading hours today, 20 April 2020.
Tata Motors on Saturday, 18 April 2020 said that JLR retail sales fell 12.1% to 508,659 vehicles in the fiscal year 2019-20 (FY20) over FY19. JLR added that the coronavirus pandemic had significantly impacted sales in the fourth quarter of the fiscal year. While the Jaguar sales fell 22% to 140,593 units, the Land Rover sales contracted by 7.7% to 368,066 units in FY20 over FY19.
The company's total retail sales for the quarter ending on 31 March 2020 were 109,869 vehicles, down 30.9% compared to the same period last year. Jaguar sales slumped 42.6% to 28,288 units while Land Rover sales tumbled 25.6% to 81,581 units in Q4 FY20 over Q4 FY19.
The auto manufacturer said that the fiscal 2019-20 sales had been impacted across all regions with lower sales in North America (7.5% down on record prior year), China (down 8.9%), UK (down 9.6%), Europe (down 16.1%) and overseas (down 20.3%). China had generated double digit growth in Q2 and Q3 and, with lockdown measures easing, nearly all of the company's retailers in the region have now reopened and sales are recovering.
In light of the ongoing coronavirus situation, JLR has temporarily suspended production at its facilities outside China. In addition, the company is tightly managing all other costs and investments as well as working capital.
JLR is the UK's largest automotive manufacturer. On 2 June 2008, Tata Motors acquired the Jaguar Land Rover businesses from Ford Motor Company.
The auto manufacturer's consolidated net profit surged 106.44% to Rs 1,738.30 crore on a 6.84% decline in net sales to Rs 71,051.42 crore in Q3 December 2019 over Q3 December 2018.
Tata Motors is a leading global automobile manufacturing company. Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses and defense vehicles.
Shares of Tata Motors jumped 5.01% to Rs 80.70 on BSE. The stock traded in the range of Rs 75.45 to Rs 83.35 so far.
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