• Saturday, April 20, 2024

Business

Jaguar Land Rover Retail Sales Plunge 12.3 Per Cent in September

UK’s biggest car maker, Jaguar Land Rover on Monday (8) reported total retail sales of 57,114 vehicles in September down 12.3 per cent year-on-year. REUTERS/Darren Staples/File Photo

By: Radhakrishna N S

UK’s biggest car maker, Jaguar Land Rover on Monday (8) reported total retail sales of 57,114 vehicles in September down 12.3 per cent year-on-year despite strong sales for new models including the Range Rover Velar, the Jaguar I-PACE and E-PACE. Sales in China declined by 46.2 per cent, as ongoing market uncertainty resulting from import duty changes and continued trade tensions held back consumer demand. Jaguar Land Rover sales were down a modest 0.8 per cent in the UK and 4.7 per cent in Europe, which saw large industry declines of 20.5 per cent in the UK and 31 per…

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