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Business Standard
08-07-2025
- Automotive
- Business Standard
Tata Motors' global wholesales fall 9% in Q1, led by JLR and PV segments
Tata Motors Group's global wholesales fell 9% YoY in Q1 FY26, reaching 2,99,664 units, with declines in both commercial and passenger vehicles, including Jaguar Land Rover (JLR). Anjali Singh Mumbai Tata Motors Group reported a 9 per cent year-on-year decline in global wholesales for the first quarter of FY26, with total volumes falling to 2,99,664 units. The decline was led by a drop in both commercial and passenger vehicle sales across its global operations, including subsidiary Jaguar Land Rover (JLR). Commercial vehicle wholesales, including Tata Daewoo, stood at 87,569 units in Q1 FY26, down 6 per cent compared to the same quarter last year. Passenger vehicle (PV) wholesales, which include the company's electric vehicle portfolio, also witnessed a 10 per cent drop, with total sales at 1,24,809 units. JLR, the UK-based luxury vehicle arm of Tata Motors, saw an 11 per cent year-on-year decline in global wholesales, reaching 87,286 units. Of this, Jaguar accounted for 2,339 units, while Land Rover contributed 84,947 units. The JLR figures do not include volumes from the company's China joint venture, CJLR (Chery Jaguar Land Rover). The company said the volume decline was expected, primarily due to the phasing out of legacy Jaguar models ahead of new product launches and a temporary pause in shipments to the US during April, following the introduction of import tariffs. Despite the overall decline, JLR said its more profitable models—Range Rover, Range Rover Sport, and Defender—accounted for a higher share of sales. These three models comprised 77.2 per cent of total wholesale volumes in Q1 FY26, compared to 66.3 per cent in the previous quarter and 67.8 per cent a year ago.
Business Upturn
08-07-2025
- Automotive
- Business Upturn
Tata Motors global wholesales decline 9% YoY in Q1 FY26
The Tata Motors Group reported global wholesales of 2,99,664 units in Q1 FY26, marking a 9% decline compared to the same quarter in FY25. The figures include sales from its premium subsidiary Jaguar Land Rover (JLR). Wholesales of Tata Motors' commercial vehicles, including the Tata Daewoo range, stood at 87,569 units during the quarter, down 6% year-on-year. In the passenger vehicle segment, the company recorded wholesales of 1,24,809 units in Q1 FY26, representing a 10% drop compared to Q1 FY25. Jaguar Land Rover (JLR) also saw a year-on-year decline. The global wholesales for JLR came in at 87,286 vehicles, down 11%. Jaguar accounted for 2,339 units, while Land Rover sales were at 84,947 units. In the meantime, Tata Motors shares ended the day at ₹692.90, slightly below the opening price of ₹693.00. During the session, the stock touched a high of ₹696.95 and dipped to an intraday low of ₹687.50. The current market price remains well below its 52-week high of ₹1,179.00 but stays above the 52-week low of ₹535.75. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
25-05-2025
- Automotive
- Economic Times
India's auto sector duty concession offer to UK under FTA is very nuanced: Official
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said."The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade aim is to double the two-way commerce by 2030 from the present USD 60 on automotive imports will be reduced from over 100 per cent to 10 per cent under quotas on both sides, benefiting companies such as Tata-JLR. Tata Motors Group CFO PB Balaji has earlier said the agreement augurs well to keep driving JLR's performance in India as it would benefit future cars and enable customers to access global cars and global prices much the other hand, Mercedes-Benz and BMW have termed the FTA a positive development while noting that it would not have much bearing on the prices of luxury cars in the country.
Mint
25-05-2025
- Automotive
- Mint
Indias auto sector duty concession offer to UK under FTA is very nuanced: Official
New Delhi, May 24 (PTI) India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. "The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official added. India and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade basket. The aim is to double the two-way commerce by 2030 from the present USD 60 billion. Tariffs on automotive imports will be reduced from over 100 per cent to 10 per cent under quotas on both sides, benefiting companies such as Tata-JLR. Tata Motors Group CFO PB Balaji has earlier said the agreement augurs well to keep driving JLR's performance in India as it would benefit future cars and enable customers to access global cars and global prices much faster. On the other hand, Mercedes-Benz and BMW have termed the FTA a positive development while noting that it would not have much bearing on the prices of luxury cars in the country.
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Business Standard
25-05-2025
- Automotive
- Business Standard
India's auto duty offer under UK FTA linked to engine, vehicle price quotas
India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. "The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official added. India and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade basket. The aim is to double the two-way commerce by 2030 from the present USD 60 billion. Tariffs on automotive imports will be reduced from over 100 per cent to 10 per cent under quotas on both sides, benefiting companies such as Tata-JLR. Tata Motors Group CFO PB Balaji has earlier said the agreement augurs well to keep driving JLR's performance in India as it would benefit future cars and enable customers to access global cars and global prices much faster. On the other hand, Mercedes-Benz and BMW have termed the FTA a positive development while noting that it would not have much bearing on the prices of luxury cars in the country.
