Tata Motors | Jaguar Land Rover retail sales up by 4.3% in August on Y-o-Y basis

Tata Motors is witnessing choppy trade on the bourses in first trading half of the Friday. The was trading marginally lower by 0.12% at Rs 378.45 per share as of 1137 hours. Nifty Auto index was trading at 10,845 level, marginally up by 0.07%.
 
Total retail sales for Jaguar Land Rover were 38,519 vehicles in August, up 4.3% compared to August 2016 primarily reflecting the introduction of the new Range Rover Velar and the long wheel base Jaguar XFL in China as well as continuing strong sales of Discovery Sport and F-PACE.
 
By market, retail sales were up 29.9% year-on-year in China and 2% in North America which more than compensated for lower retails in the UK (down 11.7%) where total passenger car sales trended lower, in Europe (down 9.4%) and in Overseas markets (down 5.4%) reflecting general economic conditions there.
 
Jaguar retail sales reached 10,960 vehicles in August, up 0.8% on August 2016, driven by the introduction of the long wheel base Jaguar XF in China and continuing solid sales of F-PACE. Land Rover retailed 27,559 vehicles in August, up 5.8% year on year, reflecting the introduction of the new Range Rover Velar and continuing strong sales of the Discovery Sport and Range Rover.

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