Tata Motors’ global wholesales fall 3% in January–March; JLR up modestly

Tata Motors Ltd. today reported a 3% year-on-year decline in global wholesales to 366,177 units for the January–March quarter of 2024–25, reflecting softer passenger vehicle demand and continued pressure in its commercial vehicle business.

Commercial vehicle wholesales, including those from Tata Daewoo, fell 3% to 107,765 units, while passenger vehicle volumes declined 6% to 146,999 units, the company said in regulatory filings.

Passenger vehicle wholesale fell 6% on year to 146,999 units in the quarter.

Tata Motors’ stock had fallen sharply Monday, falling over 10%—its steepest single-day decline in more than three years, as per Reuters—after Jaguar Land Rover said last week that it would temporarily pause vehicle shipments to the United States after the Trump administration imposed a 25% import tariff on foreign automobiles. “The USA is an important market for JLR’s luxury brands,” the company said on April 5, 2025, adding that the pause was a short-term step while it recalibrates trading terms with partners.

Today, at ₹592.95, the Tata Motors share price was up 2.19%.

In January-March, Jaguar Land Rover, however, posted a 1.1% increase in global wholesales to 111,413 units, up 6.7% compared with the previous quarter. Land Rover accounted for 104,343 units and Jaguar for 7,070. According to a Business Standard report, dispatches rose 14.4% in North America and 10.9% in Europe, remained largely flat in the UK with a 0.8% uptick, but dropped 29.4% in China and 8.1% in other overseas markets.