Hit by tough market conditions in China, JLR's January global sales dip 11%

JLR's total retail sales for the 10 months to January 31, 2019, stood at 4,63,732 units

jaguar landrover JLR
Press Trust of India New Delhi
Last Updated : Feb 07 2019 | 7:41 PM IST

Tata Motors-owned Jaguar Land Rover (JLR) Thursday reported a 10.9 per cent fall in global vehicle sales to 43,733 units in January, hit by tough market conditions in China.

Sales of Jaguar brand of vehicles during the month stood at 12,799 units in January, a decline of 9 per cent over the same month of 2018, the company said in a statement.

However, Land Rover range sales declined 11.6 per cent in January to 30,934 units, it added.

ALSO READ: Tata Motors consolidated Q3FY19 net loss at Rs 27,000 crore; JLR bleeds

"The economic slowdown in China continues to impact consumer confidence but, as part of our turnaround plan, we are working extensively with our retailers to rejuvenate sales," JLR Chief Commercial Officer Felix Brautigam said.

JLR's total retail sales for the 10 months to January 31, 2019, stood at 4,63,732 units, down 5.5 per cent as compared to the corresponding period a year ago.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 07 2019 | 6:55 PM IST

Next Story