Tata Motors' global sales decline by 4% in April
However, Tata Motors' global sales of all passenger vehicles in April 2017 increased by 16% and was at 54,847 units.
Tata Motors Group's global sales in April declined by 4% as its sales, including Jaguar Land Rover (JLR), stood at 73,691 units.
The global sales of its commercial vehicles and Tata Daewoo range in April were down 36% over April 2016 and stood at 18,844 units, the company said in a release.
However, Tata Motors' global sales of all passenger vehicles in April 2017 increased by 16% and was at 54,847 units. Global wholesales for JLR were 41,923 vehicles. The JLR number for April 17, which includes the joint venture between JLR and Chery Automobiles (CJLR) volumes, of 6,788 units.
Jaguar wholesales for the month were 12,608 vehicles, while Land Rover wholesales for the month were 29,315 vehicles.
Tata Motors' Jaguar Land Rover (JLR) on May 5 reported 2.3% decline in its total sales for the month of April 2017.
In April, JLR recorded retail sales of 40,385 units, which was down 2.3% compared to similar month a year ago.
Andy Goss, Jaguar Land Rover Group Sales Operations Director said, “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.”
On geographical basis, retail sales was seen up in North America (32.5%), China (10.1%) and Europe (2.7%) on year-on-year (yoy) basis. Decline was witnessed in United Kingdom (UK) and other overseas markets which by 34.6% yoy and 19.7% yoy respectively.
Sales from Jaguar stood at 12,310 vehicles, growing by 54% a year ago same month led by continuing strong sales of the F-PACE, XE and the long wheel base XFL from the China joint venture.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
01:20 PM IST