JLR retail sales up 68% in June quarter

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Biznextindia :  Tata Motors’ owned luxury carmaker Jaguar Land Rover (JLR) has reported 68.1 percent YoY increase in retail sales at 124,537 vehicle in the June quarter against 74067 vehicles in the corresponding quarter last financial year.

Retails were higher year-on-year in every key region including in the UK (+186.9%), Europe (+124.0%), Overseas (+71.0%), North America (+50.5%) and China (+14.0%). Retail sales of all models, other than Jaguar XE, were higher year-on-year and sales of the new Land Rover Defender continued to climb with 17,194 vehicles retailed in the first quarter.

Wholesales were 84,442 units in the quarter (excluding the China JV), up 72.6% year-on-year. However, this was about 30,000 units lower (c. 27%) than otherwise would have been planned as a result of semiconductor supply constraints and the impacts of Covid-19, although this reduction had been broadly anticipated.

 

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