You are here: Home » Companies » News
Business Standard

Jaguar Land Rover global sales dip 4.6% in 2018 on China troubles

For December 2018, the total sales for JLR were at 52,160 units, a decline of 6.4 per cent as compared with December 2017

Topics
Tata Motors  |  Jaguar Land Rover Sales  |  Jlr

Press Trust of India  |  New Delhi 

jaguar landrover JLR

Tata Motors-owned Jaguar Land Rover (JLR) Thursday reported a 4.6 per cent fall in global vehicle sales to 5,92,708 units in 2018 hit by tough market conditions in

Sales of Jaguar brand of vehicles during the year stood at 1,80,833 units, a growth of 1.2 per cent over 2017 sales, the company said in a statement.

However, Land Rover range sales declined 6.9 per cent in 2018 to 4,11,875 units, it added.

"The economic slowdown in along with ongoing trade tensions are continuing to influence consumer confidence. The impact is being felt across several industries globally," Chief Commercial Officer Felix Brautigam said.

Despite this, the company continues to work closely with retailers and is taking necessary actions to balance production with demand in order to rejuvenate sales as part of turnaround plan for the business, he added.

For December 2018, the total sales for were at 52,160 units, a decline of 6.4 per cent as compared with December 2017, the company added.

ALSO READ: Jaguar Land Rover posts 8% fall in retail sales at 48,160 units in November

The company, which is the UK's largest automotive manufacturer, said sales during the month were impacted primarily due to ongoing challenging market conditions in

"continues to work closely with retailers in China to respond to the present market conditions," it said.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, January 10 2019. 18:00 IST
RECOMMENDED FOR YOU
.