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Jaguar Land Rover reports May 2019 sales

Posted On: 2019-06-11 11:30:17

Jaguar Land Rover retail sales in May 2019 were 42,370 vehicles, down 12.2% compared to May 2018.

Higher retail sales of the new Range Rover Evoque and the all-electric I-PACE were offset by lower sales of other models, primarily in China. Sales of the Discovery Sport were lower ahead of the introduction of the refreshed model, which is now on sale following its reveal in May.

By region, retail sales were marginally down in North America (-1 .5%) and also down in other markets including the UK (-6.7%), Europe (-9.6%), Overseas markets (-18.4%) and China (-26.4%) where market conditions remain challenging.

Jaguar retail sales in May 2019 were 13,142 vehicles, down 9.4% year-on-year and Land Rover retailed 29,228 vehicles, down 13.5% compared to May 2018.

Felix Brautigam, Jaguar Land Rover Chief Commercial Officer, said: "May saw two important milestones for Land Rover with the debut of significant model updates. The brand's best-selling Discovery Sport premium compact SUV has been transformed from the ground up, making it almost a new car. Featuring the all-new Premium Transverse Architecture, it will be available with MHEV (mild hybrid electric) and PHEV (plug in hybrid electric) powertrains, which are important additions to our growing portfolio of electrified vehicles. The enhanced interior of the new Discovery Sport is highly versatile, available with seven seats and featuring the latest connectivity. The latest Range Rover, which was also revealed in May, comes with a range of upgrades. These include our new 3.0-litre straight six lngenium petrol engine with a mild hybrid electric system, as well as the innovative combination of supercharging and turbocharging technologies. Offering enhanced performance and quicker responses together with improved fuel economy, the newest Range Rover is available to order now.

"Although sales dipped at Jaguar this month, we were pleased to see the continued strong response to the award-winning I-PACE. We also launched the Jaguar E-PACE Chequered Flag edition, which generated a high level of interest with customers and commentators alike."

Jaguar Land Rover total retail sales for the calendar year to date (January - May 2019) were 240,471 vehicles, down 9.7% compared to the same period last year.

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.166.15 as compared to the previous close of Rs. 169.4. The total number of shares traded during the day was 1539964 in over 9578 trades.

The stock hit an intraday high of Rs. 172 and intraday low of 163.55. The net turnover during the day was Rs. 257174329.


Source: Equity Bulls

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