Swipe to read next story

Weak China demand dips JLR global retail sales by 8% in November

 | Send Push

07th December, 2018 12:39 IST
New Delhi: Tata Motors-owned Jaguar Land Rover (JLR) on Friday reported 8 per cent decline in its global retail sales at 48,160 units for November 2018, impacted majorly by the challenging market conditions in China.
In North America, company's retail sales registered 18.1 percent growth last month, driven by strong sales of Range Rover models.
The recent global trade tussle combined with US frequent warning to increase auto tariffs on imported cars resulted in 50.7 per cent decline in sales on y-o-y basis in the Chinese market, the company said in a release.

JLR, however, confirmed that it continues to work closely with retailers in China to respond to the present market conditions.

Besides China, the luxury carmaker has performed comparatively well in other mega markets of the world.

In North America, company's retail sales registered 18.1 percent growth last month driven by strong sales of Range Rover models.

Sales were also 5.6 per cent higher in Europe and up 3.2 per cent in the UK.

On individual model basis, the introduction of E-PACE and I-PACE boosted Jaguar retail sales by 8.9 per cent y-o-y at 14,909 units last month.

Land Rover, on the other hand, retailed 33,251 units in November witnessing a decline of 14 per cent on y-o-y baisis.
To get the latest scoop and updates on NewsPoint
Download the app