• Thursday, March 28, 2024

Business

JLR global retail sales fall 5.5 per cent in October

(Photo: INDRANIL MUKHERJEE/AFP/Getty Images).

By: Radhakrishna N S

JAGUAR LAND ROVER  (JLR) has reported 41,866 units of retail sales last month, down 5.5 per cent compared to the same month last year, the company said today (11).

The year-on-year (YoY) sales in China for the Tata Motors-owned brand has increased by 16.2 per cent, which marked the fourth consecutive month of double-digit growth in the Asian country.

Among other markets for Britain’s largest carmaker, the UK registered an 18.7 per cent dip, while sales in North America and Europe were down by 0.3 per cent and 7.9 per cent, respectively.

The Indian conglomerate has claimed the sales of its new Range Rover Evoque have gone up 31.4 per cent last month.

Jaguar I-Pace has registered a 9.1 per cent sales hike, while the updated Land Rover Discovery Sport too saw a 3.4 per cent YoY rise in sales.

Land Rover retail sales in October 2019 were 31,260 vehicles, up 2.4 per cent year-on-year, whereas, Jaguar retails were 10,606 vehicles, down 22.9 per cent when compared to the same period last year.

Felix Brautigam, Jaguar Land Rover Chief Commercial Officer, said: “The automotive trading environment remains challenging globally. Against this background, it is all the more encouraging to see our China turnaround strategy and work with the local retailer network generating positive results, as sales have improved in China for the fourth consecutive month…”

JLR retail sales for the fiscal 2019-20 year to date were 299,434, down 6.3 per cent compared to the same period last year.

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