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Jaguar Land Rover reports sales numbers for August 2019

Posted On: 2019-09-09 17:01:44

Jaguar Land Rover retail sales in August 2019 were 34,176 vehicles, down 6.7% compared to August 2018.

Retail sales in China continued to recover (up 17.4% year-on-year) as the company's local turnaround plan gathered momentum. UK sales were solid but down 21 .6% compared to August 2018, which was boosted by WL TP certification timing factors. Other markets were also down including Europe (1.4%) and North America (9.0%, impacted by new engine introduction timing issues this month), and Overseas (24.7%, primarily softer sales in Korea and MENA).

Demand for the all-new Range Rover Evoque continued to strengthen (up 50.9% year-on-year) with sales just beginning in China, and sales of the Range Rover Sport increased by 6.4%. The Jaguar XJ saw an increase of 31 .1% and sales of the all-electric Jaguar I-PACE also increased. Sales of other models were down year-on-year, including Land Rover Discovery Sport which reflects the run out of the prior model with the refreshed model ramping up.

Jaguar retail sales in August 2019 were 9,702 vehicles, down 17.8% year-on-year and Land Rover retailed 24,474 vehicles, down 1.4% compared to August 2018.

Felix Brautigam, Jaguar Land Rover Chief Commercial Officer, said: "While the global market remains challenging, we have seen a second month of consecutive growth in China.

For Jaguar, customer demand for the World Car of the Year-winning I-PACE continues to go from strength to strength, cementing the vehicle's position as one of the world's leading premium electric SUVs.

For Land Rover, the all-new R ange Rover Evoque is now on sale. With its advanced technology based on the new PTA architecture and electrified drivetrains it is the most refined, most capable and most efficient compact Range Rover ever. The comprehensively re-engineered Land Rover Discovery Sport will be launched in China later this year further solidifying its position as a best-selling model.

We are confident that we have the right strategy in place to support long-term sustainable growth and are looking forward to revealing the new Land Rover Defender at the Frankfurt Motor Show - the rebirth of an icon."

Jaguar Land Rover retail sales for Fiscal 2019/20 year to date (April to August 2019) were 200,736, down 8.0% compared to the same period last year.

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.121.9 as compared to the previous close of Rs. 121.1. The total number of shares traded during the day was 3770270 in over 15014 trades.

The stock hit an intraday high of Rs. 122.5 and intraday low of 117.3. The net turnover during the day was Rs. 454220281.


Source: Equity Bulls

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