JLR Sales Surge In China, Dip Marginally Worldwide In September Quarter
Tata Motors Ltd.-owned Jaguar Land Rover on Monday reported a marginal decline in sales in the July-September quarter at 1.28 lakh units as compared with same period of last year.
Jaguar retail sales for the quarter stood at 37,323 units, down 11 percent year-on-year, while Land Rover retails were at 91,630 vehicles, up 4.2 percent as compared with same period of last year.
The results reflect an encouraging recovery of JLR sales in China (up 24.3 percent), with a third consecutive month of double-digit sales growth for the company in the region, Tata Motors’ U.K. subsidiary said in a statement.
“Against challenging market headwinds for the third consecutive month we have achieved double-digit growth in China, benefitting from our local turnaround plan and performing ahead of the broader market. We have also outperformed shrinking markets in other regions,” JLR Chief Commercial Officer Felix Brautigam said.