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Jaguar and Land Rover decrease their sales 27.2%

Tata Motors Limited‘s Jaguar and Land Rover reported that their total retail volumes for the six months ended September 30, 2020 were 187,636 units (including sales from their China Joint Venture), a decrease of 27.2% year-on-year.

Year-over-year as of September 30, 2020, sales volumes were down 38.5% in overseas markets, 40.4% in Europe, 35.5% in the UK and 24% in North America, and increased 0.7% in China.

The geographic distribution of Jaguar and Land Rover retail sales has been significantly affected by the Covid-19 pandemic as the impact spread across the world.

Consequently, the geographic distribution of retail sales in the six months ended September 30, 2020 does not reflect your longer-term expectations of these distributions as the economic impact of the Covid-19 pandemic dissipates.

By model, sales of all models were negatively affected by Covid-19, with sales of its all-new Land Rover Defender increasing to 11,995 vehicles in the six months ending September 30, 2020.

Jaguar and Land Rover

Vehicle demand and supply around the world have been significantly affected by the disruption caused as a result of the Covid-19 pandemic and the strict social distancing and lockdown measure imposed by many governments around the world.

Retail volumes in Europe (excluding the UK and Russia) were 32,140 units in the six months ended September 30, 2020, compared to 53,927 units during the same period in 2019, down 40.4% year-on-year.

Retail volumes in North America were 46,095 units in the six months ended September 30, 2020, down 24% compared to 60,683 units in the same period in 2019.

Industry sales volumes in the United States were around 6.8 million units, down 22% year-on-year.

Lastly, Jaguar and Land Rover retail volumes in China were 50,914 units in the six months ended September 30, 2020, compared with 50,547 units in the same period in 2019, a slight increase of 0.7 percent.

 

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