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.
"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.
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.