NE BUSINESS BUREAU
MUMBAI, APRIL 21
Tata Motors Group global wholesales, including Jaguar Land Rover (JLR), dropped 35% to 231,929 units in Q4 March 2020 over Q4 March 2019, a company release said.
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 company’s total retail sales for the quarter ending on March 31, 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. Also, the company is tightly managing all other costs and investments as well as working capital.
