Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
22 January, 2019 01:08 IST
Jaguar Land Rover global sales fall 2.6% in Feb'18
Source: IRIS | 08 Mar, 2018, 10.30AM
Comments  |  Post Comment

Tata Motors' subsidiary Jaguar Land Rover (JLR) achieved its second highest February sales performance with strong sales of the new Range Rover Velar and Land Rover Discover and the new 18 model year Range Rover and Rover Sport as well as the new Jaguar E-PACE still ramping up, despite difficult trading conditions in key European markets, especially the UK.

Retail sales of 39,911 Jaguars and Land Rovers in February were 2.6% down on the previous year's all-time high. Solid demand in China (3.3% up) and other overseas markets (1.5% up) was offset by lower sales in the UK (15.2% down for the month) and Europe (6.9% down), where trading conditions remained challenging. Sales in North America were 2.2% down on the same month in the previous year. With the company's sales up 2.9% in January, year-to-date sales are level with a year ago.

Jaguar sales in February were down by 5.2% year-on-year with 11,565 units sold. The F-PACE SUV remained the brand's biggest seller, followed by the XF which saw sales up 15%, including the Sportbrake and, in China, the long-wheelbase XFL. The new E-PACE compact SUV is still ramping up after going on sale in the UK in late 2018 and in Europe and the USA in January.

Global Land Rover sales of 28,346 were down 1.5% compared with a record February in 2017. Sales of the new Velar and Discovery launched in 2017 were up significantly while the new 18 Model Year Range Rover and Range Rover Sport offering a plug in hybrid option for the first time are still ramping up.

Shares of the company declined Rs 4.55, or 1.31%, to trade at  Rs 343.45.  The total volume of shares traded  was  134,722 at the BSE (10.17 a.m., Thursday).



Tata Motors Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Lupin receives FDA approval for Levothyroxine Sodium Tablets USP - 21-Jan-2019 17:08
Zydus gets tentative approval from USFDA for Esomeprazole Magnesium Delayed-Release - 21-Jan-2019 16:10
SBI witnessed overwhelming response for its USD 1.25 mn bonds issue - 21-Jan-2019 10:57
HDFC Bank Q3 earnings grow 20% to Rs 55.85 bn - 21-Jan-2019 10:54
BHEL and Libcoin in dialogue to build India's first lithium ion factory - 21-Jan-2019 10:32
BHEL to set up solar electric vehicle chargers along Delhi-Chandigarh highway - 21-Jan-2019 10:28
Wockhardt receives USFDA approval for Leukemia drug - 21-Jan-2019 10:20
Ratnamani Metals & Tubes receives order worth Rs 2 bn - 18-Jan-2019 15:59
Aurobindo Pharma to acquire portfolio of oncology injectables products - 18-Jan-2019 13:47
Reliance Ind Q3 earnings up 8.8%; GRM's at USD 8.8/bbl - 18-Jan-2019 13:08
Announcement under Regulation 30 (LODR)-Change in Directorate - 18-Jan-2019 11:14
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer