Tata Motors Passenger Vehicles reported a 24.5% YoY increase in wholesale volumes at Jaguar Land Rover during the latest quarter. However, retail sales of the luxury vehicle business declined 7.5% YoY during the period.
The contrasting wholesale and retail trends provide an early view of demand across JLR’s international markets. Tata Motors remains closely watched as investors assess the performance of its passenger vehicle and luxury automotive businesses.
