Jaguar Land Rover Sales Dip 3% in Q2 | Tata Motors
By Rediff Money Desk, New Delhi Oct 07, 2024 18:26
Jaguar Land Rover reported a 3% decline in retail sales to 1,03,108 units in Q2 FY25, impacted by aluminium supply disruptions. Production was also affected, but the company expects recovery in the second half.
New Delhi, Oct 7 (PTI) Tata Motors-owned Jaguar Land Rover on Monday reported a 3 per cent decline in retail sales at 1,03,108 units in the second quarter of the current fiscal as compared to the year-ago period.
Retail sales for the first six months of the financial year were at 2,14,288 units, up 3 per cent year-on-year, Tata Motors said in a statement.
Production in Q2 FY25 was restricted to 86,000 units, down 7 per cent as compared to 93,000 units in the year-ago period as a result of aluminium supply disruptions reported in Q1 FY25, it added.
We expect both production and wholesale volumes to pick up strongly in the second half of the financial year as the aluminium supply situation normalises, the company said.
Retail sales for the first six months of the financial year were at 2,14,288 units, up 3 per cent year-on-year, Tata Motors said in a statement.
Production in Q2 FY25 was restricted to 86,000 units, down 7 per cent as compared to 93,000 units in the year-ago period as a result of aluminium supply disruptions reported in Q1 FY25, it added.
We expect both production and wholesale volumes to pick up strongly in the second half of the financial year as the aluminium supply situation normalises, the company said.
Source: PTI
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