Sunday 18 November 2018
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business-standard - 9 days ago

JLR October sales down 4.6% at 44,282 units in October

Tata Motors-owned Jaguar Land Rover Friday reported 4.6 per cent decline in total retail sales at 44,282 units in October. Sales in China decreased by 49 per cent as market conditions remained challenging amid tariff changes and continued trade tensions with the US, which are impacting consumer confidence and automotive purchases, Tata Motors said in a regulatory filing. Retail sales rose significantly in the UK by 46.9 per cent and North America by 24.1 per cent on the back of newer models -- Jaguar I-PACE and E-PACE and refreshed Range Rover and Range Rover Sport, it added. During the month, Jaguar retail sales were 13,764 units, up 11.6 per cent, driven by the EPACE and I-PACE as well as the long wheel base XEL from the company s Chinese joint venture, JLR said. On the other hand, Land Rover retailed 30,518 units in October, down 10.5 per cent as increased sales of refreshed Range Rover and Range Rover Sport as well as the Velar were offset by lower sales of the Evoque and ...

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