-5.95 (-1.78%) Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) has reported retail sales of 42,370 vehicles in May 2019, down by 12.2% compared to May 2018. Higher retail sales of the new Range Rover Evoque and the all-electric I-PACE were offset by lower sales of other models, primarily in China. Sales of the Discovery Sport were lower ahead of the introduction of the refreshed model, which is now on sale following its reveal in May.
By region, retail sales were marginally down in North America (-1 .5%) and also down in other markets including the UK (-6.7%), Europe (-9.6%), Overseas markets (-18.4%) and China (-26.4%) where market conditions remain challenging.
Jaguar retail sales in May 2019 were 13,142 vehicles, down 9.4% year-on-year and Land Rover retailed 29,228 vehicles, down 13.5% compared to May 2018.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.