Mumbai: Tata Motors, the biggest loser in the Sensex today, is down 3.2%, following Jaguar Land Rover reporting a drop in sales in the month of April 2017.
Jaguar Land Rover, the UK subsidiary of Tata Motors, said that its sales declined 2.3% to 40,385 units in April 2017, compared to same month last year. In the four months to April 2017, Jaguar sold nearly 2.2 lakh vehicles, up almost 10% over its sales in April 2016.
In North America, Jaguar's retail sales increased 32.5%. In China and Europe, retail sales were up 10.1% and 2.7%, respectively. However, in the UK, sales were down 34.6% in April (y-o-y). Sales dropped 19.7% in other overseas markets.
The company attributed the decline in sales to two factors. In the UK, customers purchased vehicles before the increase in vehicle tax on 1st April. In addition, the run-out of the previous Discovery model accounted for a year-on-year decrease in Land Rover sales, said Andy Goss, Jaguar Land Rover Group Sales Operations Director.
He added that sales will increase from May 2017 as the all-new Discovery model continues to go on sale across the world, particularly in China and North America, two of Jaguar Land Rover’s biggest markets.
Retail sales for Land Rover in April were 28,075 vehicles, down 15.8% on April last year, primarily reflecting the run-out of the Discovery and softer sales of other models, which were only partially offset by sales of the all-new Discovery and solid sales of Range Rover.
