Jaguar Land Rover reports 5.9% jump in retail sales in Q3, wholesale up 15%

The company owned by Tata Motors said that it reflects gradual improvement in chip supplies

The retail sales of automaker Jaguar Land Rover rose 5.9 per cent year-on-year (YoY) in the third quarter of the current financial year (Q3FY23) reflecting a "gradual improvement in chip supplies", the company said in a BSE filing. The wholesale volume rose 15 per cent during the same period.  

The company also added that on a preliminary basis, the company's free cash flow in Q3FY23 is likely to be over 400 million euros.

"Retail sales for the third quarter were 84,827 units, up 5.9 per cent compared to the same quarter a year ago," the company said. It was, however,