Business

Jaguar Land Rover Posts 13 Per Cent Drop In Sales With Loss Of £90 Million In September Quarter

In North America, demand for SUVs remained strong, but overall sales were held back by slowing orders for passenger cars, in line with the market as a whole (Photo: Kevork Djansezian/Getty Images).

By: Radhakrishna N S

Retail sales of Jaguar Land Rover Automotive plc, the UK’s largest vehicle manufacturer declined 13.2 per cent year-on-year to 129,887 vehicles with a pre-tax loss of £90 million for the quarter ended in September, the company said on Wednesday (31). The sales decrease primarily reflected challenging market conditions in China, where demand was adversely impacted by consumer uncertainty following import duty changes and escalating trade tensions with the US, Jaguar Land Rover said in a release. In North America, demand for SUVs remained strong, but overall sales were held back by slowing orders for passenger cars, in line with the…

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