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Tata Motors Group, a leading global automotive manufacturer, announced a decline in its global wholesales for the second quarter of fiscal year 2025 (Q2 FY25). The group's total wholesales, including Jaguar Land Rover, reached 3,04,189 units, representing an 11% decrease compared to the same period in the previous fiscal year (Q2 FY24).
The decline in global wholesales can be attributed to various factors, including the ongoing global economic uncertainty, supply chain disruptions, and the rising cost of raw materials. However, the company remains optimistic about the long-term prospects of the automotive industry, particularly in emerging markets.
Tata Motors' commercial vehicle segment witnessed a more significant decline, with global wholesales dropping by 19% to 86,133 units in Q2 FY25. This downturn is largely attributed to the challenging economic environment in key markets and the ongoing transition towards cleaner and more efficient vehicles.
On the other hand, Tata Motors passenger vehicles, which include electric vehicles, recorded a more moderate decline of 6% in Q2 FY25, reaching 1,30,753 units. The company's focus on expanding its electric vehicle portfolio and meeting evolving consumer preferences is expected to drive growth in this segment going forward.
Jaguar Land Rover, the British luxury automotive brand owned by Tata Motors, also experienced a decline in global wholesales during Q2 FY25. The company sold 87,303 vehicles, representing a 10% decrease from the same period last year. This decline can be attributed to the ongoing challenges in the luxury automotive market, including competition from established players and the global economic slowdown.
Despite the decline in Q2 FY25, Tata Motors remains focused on its strategic goals, including expanding its global presence, strengthening its product portfolio, and driving innovation in sustainable mobility solutions. The company believes that its commitment to these goals will enable it to overcome current challenges and achieve long-term growth and profitability.
Source: Tata Motors Group global wholesales at 3,04,189 in Q2 FY25 – Tata Motors