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JLR global sales decline 12.3% in Sept

Press Trust of India  |  New Delhi 

Tata Motors-owned (JLR) today reported 12.3 per cent decline in global sales at 57,114 units in September, hit by lower demand in China, the auto major said.

The company's sales in declined by 46.2 per cent during September as compared to the same month last year as ongoing market uncertainty resulting from import duty changes and continued trade tensions held back consumer demand.

Sales of Jaguar brand of vehicles in September were at 19,146 units, an increase of 4.4 per cent over September 2017, the company said in a statement.

range posted sales of 37,968 units in the month, down 18.8 per cent, it added.

"As a business we are continuing to experience challenging conditions in some of our key markets," Chief Commercial Officer said.

Customer demand in has struggled to recover following changes in import tariffs in July and intensifying competition on price, while ongoing global negotiations on potential trade agreements have dampened purchase considerations, he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 08 2018. 19:30 IST
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