On July 8, 2025, Tata Motors shares saw a positive market reaction after the subsidiary Jaguar Land Rover (JLR), the luxury automotive division, reported its wholesale and retail figures for the first quarter of FY26 (April–June 2025). As anticipated, overall volumes declined during the quarter, influenced by several strategic and external factors.
These included the intentional phase-out of older Jaguar models in preparation for a new product lineup and a temporary suspension of shipments to the United States following the imposition of new import tariffs in April 2025.
Total wholesale sales for the quarter stood at 87,286 units (excluding volumes from the Chery Jaguar Land Rover China joint venture), marking a 10.7% year-on-year decrease and a 21.7% drop compared to Q4 FY25.
Retail sales, including contributions from the Chery Jaguar Land Rover China JV, totalled 94,420 units, reflecting a 15.1% year-on-year drop and a 12.8% decline compared to the previous quarter (Q4 FY25).
Also Read: June 2025 Auto Sales: Tata Motors, Maruti Suzuki, M&M Shares in Focus
Despite lower overall volumes, JLR continued to emphasise profitability by focusing on its flagship models. In Q1 FY26, the Range Rover, Range Rover Sport, and Defender accounted for 77.2% of total wholesale volumes, a notable increase from 66.3% in Q4 FY25 and 67.8% in Q1 FY25. This underscores the company’s strategic shift toward its most profitable and in-demand models during a period of product and market transition.
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Published on: Jul 8, 2025, 12:02 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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