Skip to content 
Search

Latest Stories

Jaguar Land Rover reports robust sales growth as semiconductor supply improves

The dispatches of the flagship models Range Rover and Range Rover Sport rose to 32,950 units in the fourth quarter, up from 28,000 in the preceding three-month period

Jaguar Land Rover reports robust sales growth as semiconductor supply improves

Jaguar Land Rover has reported robust sales for the fourth quarter of the last financial year, driven by an improved supply of semiconductors.

The Tata Motors-owned automaker sold 94,649 units in the wholesale market for the January-March quarter, recording a 24 per cent annual growth and a 19 per cent jump sequentially.

The wholesale volume growth was highest in the overseas market at 62 per cent, followed by the UK (24 per cent), Europe (22 per cent) and China (17 per cent). But the growth was relatively muted in North America where it reported just a two per cent rise. The numbers excluded the Chery Jaguar Land Rover China joint venture.

Its retail sales for the quarter (including the China joint venture) were 102,889 units, up 30 per cent compared to the same quarter a year ago. The number was 21 per cent higher from the third quarter ending on December 31, 2022.

In terms of year-on-year retail sales, the luxury vehicle maker’s performance was the best in Europe, rising 47 per cent. It reported a 42 per cent jump in retail sales in the UK, a 29 per cent rise each in Chinese and overseas markets and a 12 per cent growth in North America.

The dispatches of the flagship models Range Rover and Range Rover Sport rose to 32,950 units in the fourth quarter, up from 28,000 in the preceding three-month period.

Defender wholesale volumes went up sequentially to 27,513 units from 23,816 as the company continued to operate a third shift at its Nitra plant in Slovakia.

For the full year ending on 31 March 2023, the company reported wholesale sales of 321,362 units (excluding the China joint venture), up nine per cent.

However, the retail sales were down by six per cent to 354,662 for the full year.

Tata Motors on Friday (7) reported an eight per cent rise in its wholesale vehicle sales at 3,61,361 units for the fourth quarter. This included the JLR sales numbers.

Tata Motors jumped more than five per cent on the Bombay Stock Exchange on Monday (10) as the stock reacted to the sales figures after the Good Friday break.

More For You

Bangladesh seeks US deal to shield garment industry from tariffs

Workers are engaged at their sewing stations in a garment factory in Savar, on the outskirts of Dhaka, on April 9, 2025. (Photo by MUNIR UZ ZAMAN/AFP via Getty Images)

Bangladesh seeks US deal to shield garment industry from tariffs

BANGLADESH, the world's second-biggest garment manufacturer, aims to strike a trade deal with the US before Donald Trump's punishing tariffs kick in next week, said the country's top commerce official.

Dhaka is proposing to buy Boeing planes and boost imports of US wheat, cotton and oil in a bid to reduce the trade deficit, which Trump used as the reason for imposing painful levies in his "Liberation Day" announcement.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Bond yields ease following Starmer’s support for Reeves

THE COST of UK government borrowing fell on Thursday, partially reversing the rise seen after Chancellor Rachel Reeves became emotional during Prime Minister’s Questions.

The yield on 10-year government bonds dropped to 4.55 per cent, down from 4.61 per cent the previous day. The pound also recovered slightly to $1.3668 (around £1.00), though it did not regain all its earlier losses.

Keep ReadingShow less
modi-trump-getty
Modi shakes hands with Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Indian exporters watch closely as Trump says trade deal with India likely

THE US could reach a trade deal with India that would help American companies compete more easily in the Indian market and reduce tariff rates, President Donald Trump said on Tuesday. However, he cast doubt on a similar deal with Japan.

Speaking to reporters on Air Force One, Trump said he believed India was ready to lower trade barriers, potentially paving the way for an agreement that would avoid the 26 per cent tariff rate he had announced on April 2 and paused until July 9.

Keep ReadingShow less
Kolhapuri sandal sales surge in India post Prada controversy

Customers shop for 'Kolhapuri' sandals, an Indian ethnic footwear, at a store in New Delhi, India, June 27, 2025. REUTERS/Adnan Abidi

Kolhapuri sandal sales surge in India post Prada controversy

INDIAN footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft.

Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origins.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy grew 0.7 per cent in Q1 2025, fastest in a year

THE UK economy expanded at its fastest pace in a year during the first quarter of 2025, driven by a rise in home purchases ahead of a tax deadline and higher manufacturing output before the introduction of new US import tariffs.

Gross domestic product rose by 0.7 per cent in the January-to-March period, the Office for National Statistics (ONS) said, confirming its earlier estimate. This was the strongest quarterly growth since the first quarter of 2024.

Keep ReadingShow less