Tata Motors’ Jaguar Land Rover Q4 Wholesales Above Estimate, Up 7.5%: Motilal Oswal
A Land Rover badge is displayed on the front grille of a Range Rover Velar during a JLR event in New York, U.S. (Photographer: David ‘Dee’ Delgado/Bloomberg)

Tata Motors’ Jaguar Land Rover Q4 Wholesales Above Estimate, Up 7.5%: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Tata Motors Ltd.’s Jaguar Land Rover Q4 FY21 wholesale volumes (including Chery Jaguar Land Rover) grew ~7.5% YoY to ~136,500 units.

Jaguar wholesales declined ~3.4%, while Land Rover grew ~11.3%.

JLR sales saw significant improvement sequentially (up 14% QoQ). This has led to dilution in the mix as the share of Jaguar has improved ~5.4 pp QoQ.

The sharp beat in quarterly wholesales would lead to a stronger-than estimated Q4 FY21 performance.

Based on our volume estimates for JLR, we expect Tata Motors’ Q4 FY21 consolidated profit after tax at Rs 36.4 billion.

Click on the attachment to read the full report:

Motilal Oswal Tata Motors Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.