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20 July, 2018 04:31 IST
Tata Motors JLR sales fall 7.8% to 83,732 units in March'18
Source: IRIS | 09 Apr, 2018, 12.45PM
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Tata Motors' subsidiary Jaguar Land Rover (JLR), the UK's largest automotive manufacturer, today reported retail sales of 614,309 vehicles for the financial year ended March 31, 2018, up 1.7% on the prior year.

New models including the Range Rover Velar (Winner of the 2018 World Car Design of the Year Award) and the all new Land Rover Discovery drove the increase, while the more recently launched 18 Model Year Range Rover and Range Rover Sport and the Jaguar E-PACE are still ramping up.

Retail sales for the financial year were up year-on-year in China (19.9%), North America (4.7%) and in Overseas markets (3.4%) but down in the UK (12.8%) and in Europe (5.3%), primarily driven by continuing uncertainty over diesel.

Retail sales for March were 83,732 and for the fourth quarter were 172,709 vehicles, down 7.8% and 3.8%, respectively, primarily due to lower UK sales and to a lesser extent lower sales in Europe. UK industry sales were down 15.7% in March and 12.4% in the Quarter, more than explained by lower diesel sales, although March 2017 was an all-time industry record with increased sales in advance of an increase in vehicle taxes in April 2017.

Shares of the company declined Rs 4.45, or 1.22%, to trade at Rs 359.40. The total volume of shares traded was 322,910 at the BSE (12.32 p.m., Monday).



Tata Motors Limited   (Q,N,C,F)*

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