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Jaguar Land Rover’s Car And Vehicle Sales Figures

Jaguar XF. Flickr Image.

This article is keeping track of the vehicle sales or car sales volume of Jaguar Land Rover (JLR).

For your information, Jaguar Land Rover is a wholly-owned subsidiary of Tata Motors Group.

Tata Motors Group is a leading global automaker based in Mumbai, India.

In addition to JLR, Tata Motors Group also fully owns Tata Motors Limited (TML), an automaker based in Mumbai, India that designs, manufactures and distributes a range of vehicles, including commercial and passenger vehicles, targeting mainly the Indian market.

In this article, we will focus only on the car sales figures of Jaguar Land Rover.

Jaguar Land Rover was established in 2008 after being acquired by Tata Motors in the same year.

The Jaguar brand vehicles include the luxury Jaguar XE and Jaguar XF.

On the other hand, Land Rover produces popular models such as the Range Rover, Discovery, and Defender.

This article tracks not only the car sales numbers, but also the growth rates, breakdown by segment, and by quarters.

Keep in mind that the vehicle sales figures presented in this article are on a wholesale basis and they are different from the retail-based car sales numbers.

Let’s go take a look!

Total Vehicle Sales Volume

Jaguar Land Rover's total vehicle sales volume

Jaguar Land Rover’s total vehicle sales volume

* JLR’s total vehicle sales numbers are obtained directly from Tata Motors Group’s quarterly press releases.
* TTM data comes form the author’s own calculation and is based on the sum of the quarterly figures on a trailing 12-month or 4-quarter basis.
* Tata Motors Group’s fiscal year begins on April 1 and ends on March 31.

Jaguar Land Rover’s total vehicle sales volume reached 395,000 units in 3Q FY22 on a TTM basis.

This figure was slightly lower compared to that of the same quarter a year ago, meaning that the year-on-year growth rate was -2%.

Since FY20, Jaguar Land Rover’s car sales figures have remained slightly depressed in the last 3 years even during the post-pandemic period.

While JLR’s total vehicle sales have gone slightly higher in FY22 compared to that of FY21, the figure reported in 3Q FY22 was relatively lower compared to the upbeat result reported in the first half of FY22.

Moreover, Jaguar Land Rover used to deliver more than 500,000 vehicles back in 4Q FY20 but the company has yet to have the same result in FY22.

In short, Jaguar Land Rover’s total car sales volume has declined on a long-term basis, and recovery is still largely muted in a post-pandemic world.

Total Vehicle Sales Volume (Without CJLR Volume)

Jaguar Land Rover's total vehicle sales volume excluding CJLR

Jaguar Land Rover’s total vehicle sales volume excluding CJLR

* JLR’s total vehicle sales numbers without CJLR’s volume are obtained directly from Tata Motors Group’s quarterly press releases.
* TTM data comes form the author’s own calculation and is based on the sum of the quarterly figures on a trailing 12-month or 4-quarter basis.
* Tata Motors Group’s fiscal year begins on April 1 and ends on March 31.

CJLR or Chery Jaguar Land Rover is a joint venture between Chery Automobiles and Jaguar Land Rover and is an unconsolidated subsidiary of JLR.

Chery Automobiles is a Chinese automobile company based in Wuhu, China.

Since CJLR is only a joint venture, Jaguar Land Rover does not have a controlling interest in the subsidiary, ie. does not own more than 50% of the equity in the joint venture.

While CJLR is only a joint venture, it contributes substantially to the number of car sales to JLR.

However, these numbers of car sales are not accounted for as revenue in the statement of profit and loss or statement of operation.

That said, to see the actual number of vehicle sales for Jaguar Land Rover, we need to exclude the numbers from the CJLR joint venture.

According to the chart, JLR delivered about 340,000 vehicles in Q3 FY22 on a TTM basis, about 55,000 vehicles less compared to the one with CJLR volume included.

On a long-term basis, Jaguar Land Rover sold substantially fewer vehicles in Q3 FY22 compared to its historical highs, ie. 450,000 units reported in 4Q FY20 and was 2% lower from a year ago.

While Jaguar Land Rover delivered slightly more vehicles in FY22 compared to that of FY21, the 3Q result was substantially lower compared to the first half of FY22.

All in all, Jaguar Land Rover’s vehicle sales, excluding CJLR volume, were pretty much flat year-over-year as recovery in the post-pandemic period has yet to materialize meaningfully.

Jaguar Car Sales Volume

Jaguar car sales volume

Jaguar car sales volume

* Jaguar vehicle sales numbers are obtained directly from Tata Motors Group’s quarterly press releases.
* TTM data comes form the author’s own calculation and is based on the sum of the quarterly figures on a trailing 12-month or 4-quarter basis.
* Tata Motors Group’s fiscal year begins on April 1 and ends on March 31.

In terms of sales volume breakdown by segment, Jaguar’s car sales have been on a decline since FY20 according to the chart.

As of Q3 FY22, Jaguar sold only 81,000 vehicles on a TTM basis, representing a year-over-year decline of 12%.

On a long-term basis, Jaguar’s vehicle sales reported in FY22 3Q were down more than 40% compared to that of FY20 Q4.

In a post-pandemic world, Jaguar’s car sales have yet to recover to their pre-pandemic levels and have further deteriorated in the latest quarter.

Land Rover Car Sales Volume

Land Rover car sales volume

Land Rover car sales volume

* Land Rover vehicle sales numbers are obtained directly from Tata Motors Group’s quarterly press releases.
* TTM data comes form the author’s own calculation and is based on the sum of the quarterly figures on a trailing 12-month or 4-quarter basis.
* Tata Motors Group’s fiscal year begins on April 1 and ends on March 31.

For Land Rover alone, the subsidiary’s vehicle sales volume has been nearly flat in the last several quarters but the overall results were in much better shape than that of Jaguar.

In FY22, Land Rover delivered slightly more vehicles in 1Q and 2Q compared to the same quarters in FY21 but was still lower than that reported during the pre-COVID period.

As of 3Q FY22, Land Rover sold 314,000 vehicles on a TTM basis, about 1% higher on a year-over-year basis but was 8% lower compared to that of the prior quarter.

Also worth mentioning is that Land Rover’s car sales volume in 3Q FY22 was nearly 4X higher than that of Jaguar on a TTM basis, indicating that the Land Rover subsidiary may have a greater impact on driving growth for the company due to the much bigger volume.

While Land Rover’s vehicle sales have slightly recovered in FY22, the 3Q FY22 results went down again on a sequential basis, putting the company’s recovery plan at risk in a post-pandemic world.

In short, despite the much larger size of Land Rover over Jaguar, the subsidiary is at risk of a derail in terms of vehicle sales when the 3Q FY22 result went down significantly from prior quarters.

Conclusion

On a wholesale basis, Jaguar Land Rover reported a total car sales volume of 395,000 vehicles in 3Q FY22 on a TTM basis.

When we look at the breakdown of the vehicle sales volume, Land Rover sold much more cars than Jaguar did on a TTM basis in Q3 FY22, at nearly 4X higher.

As of 3Q FY22, Land Rover sold 314,000 cars compared to only 81,000 cars for Jaguar on a TTM basis.

In terms of growth rates, Jaguar’s vehicle sales were much worse than that of Land Rover in a post-pandemic world, putting the recovery plan in doubt in FY22 for the subsidiary.

In this context, Jaguar’s car sales volume was down 12% year-over-year in Q3 FY22 while Land Rover’s car sales volume was up 1% from a year ago on a TTM basis.

Credits And References

1. All financial data in this article was obtained and referenced from Tata Motors’ financial statements available in Tata’s Investor Relation.

2. Featured images in this article are used under creative commons licenses and sourced from the following websites: Jaguar XESV Project 8 – Los Angeles and Jaguar XF.

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Disclosure

The content in this article is for informational purposes only and is neither a recommendation nor a piece of financial advice to purchase a stock.

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{ 1 comment… add one }
  • Barry Foster November 2, 2021, 6:32 am

    So they are in the pooper.

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