​​​
  1. JLR global sales continue to decline in February

JLR global sales continue to decline in February

Global sales of Tata Motors’ luxury car making arm Jaguar and Land Rover has continued to decline for the second...

By: | Mumbai | Published: March 18, 2015 12:44 AM

Global sales of Tata Motors’ luxury car making arm Jaguar and Land Rover has continued to decline for the second consecutive month as a result of the decline in sales of the Freelander model of Land Rover in the international market. The phasing out of the Freelander model has resulted in the decrease in global sales for JLR in February by 1.2% year-on-year to 38,541 vehicles.

According a Mumbai based auto analyst, “Phasing out of the Freelander model had a negative impact on global sales. Sales in China has also gone down by 10-12% in February as Chinese New Year was on February and as result the Chinese markets remain shut for a few days.”

The shifting of production facilities in China has also impacted global sales in February.

JLR is expected to start the production of Evoke model for the manufacturing facility in China the next fiscal year. Subsequently Discovery Sport and Jaguar XE will be produced from the same facility.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top