/ Jaguar Land Rover Sales For April Disclosed Tata Motors Stock Down By Nearly 4% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 5 May 2017

Jaguar Land Rover, a wholly owned subsidiary of the Tata Motors on Friday, 05 May 2017, disclosed its sales data for April 2017.

The UK’s leading manufacturer of premium luxury vehicles reported April retail sales of 40,385, down 2.3% as against in April 2016. The company sold 219,891 vehicles in the first four months of 2017, up 9.9% compared to the same period a year ago.

The stock of Tata Motors was down by nearly 4% on Friday on the BSE.

Retail sales for the month of April were up in North America (32.5%), China (10.1%) and Europe (2.7%), but down in the UK (34.6%) and in other Overseas markets (19.7%) year-on-year. April also saw the Jaguar F-PACE win World Car of the Year, said Tata Motors in its BSE filing on Friday.

 Andy Goss, Jaguar Land Rover Group Sales Operations Director said: “This was a solid sales month with a strong performance from Jaguar led by the award winning F-PACE.”

“A small decrease in sales was seen due 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. Sales will increase from this month 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,” he also said.

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