JLR closed the fourth quarter and full year ending 31 March 2025 with solid results, reflecting continued global demand and achieving a major milestone in its Reimagine strategy by ending the year net cash positive.
Wholesale volumes for Q4 FY25 hit 111,413 units (excluding the China JV), up 6.7% from Q3 and 1.1% year-on-year.
Growth was strongest in North America (+14.4%) and Europe (+10.9%), while China (–29.4%) and Overseas markets (–8.1%) saw declines. UK sales remained flat (+0.8%).
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Retail sales for the quarter were 108,232 units (including the China JV), down 5.1% from Q4 FY24 but up 1.8% from Q3.
High-margin models—Range Rover, Range Rover Sport, and Defender—accounted for 66.3% of Q4 wholesales and 67.8% of full-year volumes.
For the full year, JLR reported wholesale volumes of 400,898 (–0.1%) and retail sales of 428,854 (–0.7%), maintaining steady performance overall while reaching its net debt zero target.
Full FY25 results and FY26 outlook will be released in May. More data is available via JLR’s Investor Relations site.
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