Tata Motors-backed JLR recorded £5.0 billion revenue in Q1
Tue, Jul 27, 2021 12:49 PM

Tata Motors-backed JLR recorded £5.0 billion revenue in Q1

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Tata Motors-led Jaguar Land Rover posted revenue of £5.0 billion in Q1'FY22, 73.7% higher than Q1'FY21. The figures reflected a 72.6% YoY growth in wholesales to 84,442 vehicles. However, this was 30,000 units lower than planned due to semiconductor supply constraints. The production constraint resulted in a pre-tax loss of £110 million with an EBIT margin of (0.9)%.

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