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Jaguar Land Rover (JLR) India reported its highest-ever first-quarter retail sales in Q1FY27

ICICIdirect Research 29 Jul 2026 DISCLAIMER

News: According to media sources, Jaguar Land Rover (JLR) India reported its highest-ever first-quarter retail sales in Q1FY27, delivering 1,665 vehicles, up 11% YoY, while wholesale dispatches rose 4% to 1,694 units. Growth was driven by strong demand for its premium SUV portfolio, with the Range Rover, Range Rover Sport and Defender accounting for over 85% of retail sales, while the Defender remained the company's best-selling model. Following the India-UK Free Trade Agreement (FTA), JLR has revised prices of its Range Rover SV and Range Rover Sport SV, offering customer benefits of up to ₹75 lakh depending on the model.

View: JLR India's record Q1 performance highlights the resilience of India's luxury vehicle market despite broader demand moderation in the passenger vehicle segment. However, for JLR, share of volumes from India is low and therefore have minimal effect on overall growth momentum.

Impact: Neutral

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