Tata Motors Q4 wholesales slip 3%; weak PV, CV sales drag overall numbers

Tata Motors Group reported a 3 per cent year-on-year (Y-o-Y) decline in global wholesales for the fourth quarter of FY25, with total volumes at 366,177 units, including its luxury arm Jaguar Land Rover (JLR).

 

The fall was driven by a slowdown in both commercial and passenger vehicle segments, according to a company statement released on Tuesday.

 

Wholesales of Tata Motors’ commercial vehicles, including Tata Daewoo (wholly owned South Korean subsidiary), stood at 107,765 units in Q4 FY25, down 3 per cent compared to the same period last year.

 

Its passenger vehicle wholesales, which include electric vehicles (EVs), also fell 6 per cent Y-o-Y to 146,999 units globally.

 

However, JLR provided a contrasting picture, registering a marginal 1 per cent increase in global wholesales to 111,413 vehicles in Q4. 

 

 

Within JLR, Land Rover’s performance was buoyant with wholesales of 104,343 units, while Jaguar’s stood at 7,070 units for the quarter.

 

JLR’s figures do not include volumes from CJLR, the joint venture between JLR and Chery Automobiles in China.

 

However, the company’s retail performance painted a different picture. Retail sales dropped 5.1 per cent in Q4 to 108,232 units, despite the slight uptick in wholesales.

 

JLR's wholesale volumes in North America saw a significant 14.4 per cent jump in the fourth quarter, with Chinese wholesale volumes falling by 29.4 per cent, Europe by 10.9 per cent, and the United Kingdom remaining flat at 0.8 per cent.

 

However, the positive momentum could be short lived as the company faces headwinds in its most crucial market, the United States. This is owing to President Donald Trump's declaration of a 25 per cent tariff on automobile imports.

 

On Tuesday, Tata Motors shares rose by 1.56 per cent on the BSE, ending the day’s trade at ₹588.90 apiece.