Jaguar Land Rover Retail Sales Decline 4.9% In July-September
While there was improvement in sales in the second quarter, it remained constrained by semiconductor shortages.
Tata Motors-owned Jaguar Land Rover on Friday reported a 4.9% decline in retail sales at 88,121 units in the second quarter ended on Sept. 30, 2020.
The company had posted retail sales of 92,710 units in the same quarter previous fiscal.
Sales of the Jaguar brand were at 17,340 units in the second quarter as against 19,248 units in the year-ago period, down 9.9%.
Similarly, sales of Land Rover brand were down 3.65% at 70,781 units as compared to 73,462 units in the same quarter a year ago.
While there was improvement in sales in the second quarter, it remained constrained by semiconductor shortages, the company said in a statement.
"The company continues to see strong demand for its products, with global retail orders again setting new records in the quarter," it said adding, as on Sept. 30, 2022, the total order book has grown to 2.05 lakh units, up around 5,000 orders from June 30, 2022.
Demand for the new Range Rover, new Range Rover Sport and Defender remained strong, accounting for over 1.45 lakh of the 2.05 lakh orders, it added.