-5.95 (-1.78%) Tata Motors’ subsidiary -- Jaguar Land Rover (JLR) has reported retail sales of 45,487 vehicles in May 2017, up 1% compared to May 2016, with continued strong demand for the Jaguar F-PACE, since sales began 12 months ago, and solid sales growth of the long wheelbase Jaguar XFL from our China Joint venture.
Retail sales for May were up year-on-year in China (22.7%), and in North America (15.5%). Sales were down in Europe (6.3%) and in the overseas region (15.0%) as economic conditions remained challenging in emerging markets. UK sales were down 11.2% as customers purchased new vehicles ahead of the increase in Vehicle Excise Duty rates effective from April 1, 2017.
Retail sales for Jaguar Land Rover were 265,381 vehicles in the first five months of 2017, up 8.3%compared to the same period last year.