UK (Commonwealth) _ According to the automobile leader, the number of Jaguar Land Rover (JLR) registrations in the UK increased by 29.3% from 13,200 units in March 2023 to 17,066 units in March 2024.
The statistics on car registrations for the month of March 2024 has been released by the Society of Motor Manufacturers and Traders (SMMT) in the United Kingdom. The United Kingdom (UK) had a 10.4% rise in new automobile registrations in March 2024, rising from 287,825 units in March 2023 to 317,786 units.
Land Rover registrations increased by 9.9% to 12,376 cars in March 2024 compared to March 2023, while Jaguar registrations increased by 141.8% to 4,690 units. Tata Motors, a multinational automaker producing automobiles, SUVs, pickup trucks, buses, and a comprehensive array of smart, e-mobility, and integrated vehicle solutions, is the owner of JLR. It is in the top three in the passenger car market and leads the commercial vehicle market in India.
Leading manufacturer of automobiles, Lorries, buses, and electric vehicles worldwide is Tata Motors. The business is well-established in the UK, India, and other foreign markets. A sharp increase from Rs 2,957.71 crore in Q3 FY23 to Rs 7,025.11 crore in Q3 FY24 was revealed by the car giant. The revenue from operations for the quarter ended December 31, 2023, increased 25.07% YoY to Rs 1,09,799.22 crore. The share closed at Rs 1,012.05 on the BSE, up 0.30%.
Following a 35.03% increase in overall Jaguar Land Rover (JLR) registrations in the UK to 2,255 units in February 2024 from 1,670 units in February 2023, Tata Motors saw a 3.52% gain to Rs 1,021.95. The car registration statistics for the month of February 2023 has been released by the Society of Motor Manufacturers and Traders (SMMT), a UK-based organization.
The number of new automobile registrations in the UK increased by 14% in February 2023 to 84,886 from 74,441 in the same month the previous year. In February 2024, Land Rover registrations increased by 11.71% to 1,517 units compared to February 2023, while Jaguar registrations increased by 136.54% to 738 units.
In the meantime, Tata Motors Ltd. (TML) declared that its board has accepted a demerger proposal today, marking a significant restructuring step. The goal of the strategy is to empower individual business units and unleash potential synergies across key areas by forming two distinct publicly listed corporations.
Tata Motors will be divided into two separate companies as a result of the demerger: one will concentrate on the commercial vehicle (CV) industry and its associated investments, while the other will handle all passenger vehicle (PV) operations, encompassing Jaguar Land Rover (JLR) and electric cars (EVs), as well as the investments associated with both.
This choice was made in response to each Tata Motors business unit’s impressive recent individual results. Under the leadership of their individual CEOs, the CV, PV+EV, and JLR divisions have run separately since 2021. Leading manufacturer of automobiles, Lorries, buses, and electric vehicles worldwide is Tata Motors. The business is well-established in the UK, India, and other foreign markets.
A sharp increase from Rs 2,957.71 crore in Q3 FY23 to Rs 7,025.11 crore in Q3 FY24 was revealed by the car giant. The revenue from operations for the quarter ended December 31, 2023, increased 25.07% YoY to Rs 1,09,799.22 crore. Today’s intraday high for Tata Motors shares was Rs 1,065.60.
Jaguar Land Rover Automotive PLC is the parent company of Jaguar Land Rover Limited, which is a global automotive corporation based in the United Kingdom that manufactures luxury and sport utility cars. The headquarters of Jaguar Land Rover, a Tata Motors subsidiary, are located in Whittle, Coventry, UK. Design, development, production, and retailing of automobiles with the Land Rover and Jaguar trademarks constitute the main business of Jaguar Land Rover Limited.
Prior to their merger, both brands had lengthy histories: Jaguar dates back to the 1930s, and Land Rover dates back to the 1940s. In 1968, the two companies originally merged to form the British Leyland conglomerate. Later, they operated separately until becoming divisions of BMW (for Land Rover) and Ford Motor Company (for Jaguar). Ford Motor Company acquired Land Rover after BMW split up the Rover Group in 2000; Land Rover is currently a member of Ford’s Premier Automotive Group.
Jaguar Land Rover has been a part of Tata Motors since its establishment in 2008 as a holding company for the acquisition of Jaguar Cars Limited and Land Rover Limited from Ford. On January 1, 2013, the activities of Jaguar Cars Limited and Land Rover merged to form Jaguar, and the former holding company of Jaguar Land Rover Limited was renamed as Jaguar Land Rover Automotive PLC.
