Tata motors-owned Jaguar Land Rover made a handsome recovery in sales in Q4
Even with the pandemic in play, Tata Motors closed the Q4 on a confident note. The sales in Q4 increased by 52%, as 171800 units were sold in the domestic market. The net revenue rose by 106%. Tata Motors recorded sales of 79600 units (191.6% hike) of passenger vehicles and 92200 units (7.2% hike) of commercial vehicles in Q4.
Jaguar Land Rover, the wholly owned subsidiary of Tata Motors also recorded decent performance in Q4.1,23,500 units of JLR products were sold in Q4, marking 12% growth. The revenue rose by 20.5% during this period as well. The all new Land Rover Defender exhibited strong performance in markets including China.
Talking about the financial year 2021 (FY21) as such, the consolidated revenue for Tata Motors Group stood at 249,795 crores (19,731 crores coming from JLR alone). Tata Motors recorded full-year revenue growth of 7.1% in FY21. Tata could sell 2,28,900 units in the PV space this fiscal, meaning 53.8 % YoY growth. The PV market share improved by 8.2%. However, the net sales dropped by a massive 42.2% in the CV space, even while the market share stood steady. The carmaker’s EV division recorded commendable momentum in FY21 as well by growing 218%. Tata Motors made investments of INR 2.6k Crores in products and technologies in FY21.
Jaguar Land Rover made a great YoY recovery in sales, even as it closed the year with 13.6% degrowth in sales. The traction in the Chinese market was noteworthy over the period. The JLR sales there recorded a 23.4% YoY hike. Around 45,244 units of the Land Rover Defender were sold in the whole of FY21. Jaguar Land Rover had recently announced its Reimagine strategy and currently has electrified versions of many of their major nameplates globally. These have contributed to as much as 62% of the total sales. JLR had invested 2.3 billion Euros in products and technologies in FY21.