Industry

Tata Motors Q1 global wholesales plunge 64%

Global wholesales of all Tata Motors commercial vehicles and the Tata Daewoo range in the first quarter of FY21 were at 11,598 units  

Tata Motors Group’s global wholesales, including those of JLR, declined 64% to 91,594 units in the first quarter ended June 30, 2020, from a year earlier.

Global wholesales of all Tata Motors commercial vehicles and the Tata Daewoo range in the first quarter of FY21 were at 11,598 units, a decline of 89%, from the same period last year, the company said in a filing with the stock exchanges.

Global wholesales of all passenger vehicles declined 49% to 79,996 units in the quarter, compared with the first quarter of FY20.

Global wholesales for Jaguar Land Rover stood at 65,425 vehicles (JLR numbers for Q1 FY21 include CJLR — JLR’s Chinese joint venture — volume of 16,513 units). Jaguar wholesales for the quarter accounted for 17,971 vehicles, while Land Rover wholesales for the quarter stood at 47,454 vehicles, Tata Motors said.

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Printable version | Apr 10, 2021 8:23:25 PM | https://www.thehindu.com/business/Industry/tata-motors-q1-global-wholesales-plunge-64/article32046425.ece

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