JLR Car Sales In April Down 13.3% On China Woes
Tata Motors Ltd.-owned Jaguar Land Rover reported a 13.3 percent decline in car sales at 39,185 units in April. Sales of Land Rover during the month stood at 27,723 units, down 13.1 percent year-on-year, JLR said in a statement. Jaguar’s sales were at 11,462 units, down 13.7 percent.
JLR’s car sales rose 12.1 percent in the U.K. and 9.6 percent in North America, but were offset by a 45.7 percent sales slump in China, 5.5 percent decline in Europe and 22.3 percent fall in other overseas markets.
"Although this was a tough month for us due to continuing pressures in China, we are delighted to see good growth in the U.K. and the U.S. Once again we strongly outperformed the U.K. market and the U.S. marked its best ever April sales," JLR’s Chief Commercial Officer Felix Brautigam said.
Meanwhile, PSA Group said it remains open to “any opportunities” that create long-term value, following a report that the maker of Peugeot cars is close to buying JLR. PSA and Tata Motors are said to be exploring details of cost savings after a tie-up with a “post-sale integration” document outlining specific areas.