Tata Motors shares in focus after JLR wholesales and retail sales decline in Q1FY26
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Tata Motors shares will be in focus on Tuesday after its luxury vehicle arm, Jaguar Land Rover (JLR), reported a 10.7% year-on-year (YoY) decline in wholesales to 87,286 units in the April–June quarter (Q1FY26). The dip was in line with expectations, amid a planned wind-down of older Jaguar models and disruptions caused by new US import tariffs. Retail sales for the quarter also fell 15.1% YoY to 94,420 units, reflecting broader challenges during the period. On a sequential basis, wholesales declined 21.7%, while retail volumes dropped 12.8% compared to Q4FY25. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% The UK was the most affected market, with wholesales down 25.5% YoY, due to the cessation of Jaguar XE, XF, and F-TYPE production in May 2024, part of JLR’s transition toward electric vehicles.North America and Europe also registered declines of 12.2% and 13.6% respectively. In contrast, volumes...