Jaguar Land Rover Reports 37 Per Cent Decline In Retails Sales In June

Tata Motors-owned Jaguar Land Rover has reported a 37 per cent decline in retail sales at 78,825 units in the quarter ended June, impacted by semiconductor shortage, Covid-19 lockdowns in China and new model transition of Range Rover Sport.

Sales of Jaguar brand were down 48 per cent at 15,207 units in the April-June period of 2022, while that of Land Rover were also lower by 33 per cent at 63,618 units.

JLR, however, said it continues to see strong demand for its products, with global retail orders again setting new records in the quarter. As of June 2022, the total order book has grown to almost 2 lakh units, up around 32,000 orders from March 2022, it added.

Demand for the new Range Rover was particularly stronger with over 62,000 orders, the company said. A similar trend is seen for the new Range Rover Sport and Defender with 20,000 and 46,000 orders respectively.

Source: PTI