Sunday, August 14, 2022

Jaguar Land Rover unhappy with sales in June quarter

The sales of the Jaguar Land Rover has gone down 37 per cent: Retail sales stood at 78,825 units in the quarter ended June. Sales of the Jaguar brand were also down 48 per cent at 15,207 units in the April-June period of 2022, while that of Land Rover were lower by 33 per cent at 63,618 units

PRAVASISAMWAD.COM

Jaguar Land Rover has seen sales going down in the June quarter. Owner Tata Motors said in a statement that “despite a record order book, sales continue to be constrained by the global chip shortage, compounded by the run out of the prior model Range Rover Sport, with deliveries just starting, and the impact of Covid lockdowns in China”.

The sales of the Jaguar Land Rover has gone down 37 per cent: Retail sales stood at 78,825 units in the quarter ended June. Sales of the Jaguar brand were also down 48 per cent at 15,207 units in the April-June period of 2022, while that of Land Rover were lower by 33 per cent at 63,618 units.

New Range Rover was seeing a strong demand with over 62,000 orders. The same was the case with the new Range Rover Sport and Defender with 20,000 and 46,000 orders respectively

Notwithstanding, Jaguar Land Rover said it saw strong demand for its products, with global retail orders again setting new records in the quarter. As of June 2022, the total order book has grown to almost 2 lakh units, up around 32,000 orders from March 2022, it added. The company also said that new Range Rover was seeing a strong demand with over 62,000 orders. The same was the case with the new Range Rover Sport and Defender with 20,000 and 46,000 orders respectively.

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Gyanendra
(Gyanendra has been teaching and writing for the last 15 years. His passion for teaching keeps him engaged. He keeps a keen interest in Sports and Current Affairs.)

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