Jaguar Land Rover retail sales decline by 4.9% in July-September

Tata Motors-owned Jaguar Land Rover on Friday reported a 4.9 percent decline in retail sales at 88,121 units in the second quarter ended September 30, 2020.

The company had recorded retail sales of 92,710 units in the same previous fiscal quarter.

Sales of the Jaguar brand were 17,340 units in the second quarter, compared to 19,248 units in the year-ago period, down 9.9 percent.

Similarly, sales of the Land Rover brand fell 3.65% to 70,781 units compared to 73,462 units in the same quarter a year ago.

While there was an improvement in sales in the second quarter, they remained limited by a shortage of semiconductors, the company said in a statement.

“The company continues to see strong demand for its products, with global retail orders again setting new records in the quarter,” he said, adding that as of September 30, 2022, the total order book has grown up to 2.05 lakh units, about 5,000. orders from June 30, 2022.

Demand for the new Range Rover, the new Range Rover Sport and the Defender remained strong, accounting for over 1.45 lakh of the 2.05 lakh orders, it added.

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