Tata Motors-owned Jaguar Land Rover sold 508,659 units in the Fiscal Year 2019-20 (FY 2020), down by 12pc from the previous fiscal year. Sales plunged in the quarter ending March (Q4 2020) due to the COVID-19 lockdown.
Jaguar Land Rover is one of the UK’s largest automotive manufacturers. In Q4 2020, sales slid by 30.9pc to 109,869 units from the prior-year quarter.
Sales in FY 2020 declined across all regions. North America registered a 7.5pc drop, China’s sales fell by 8.9pc, the UK was down by 9.6pc, Europe slipped by 16.1pc and sales at other overseas retail outlets fell by over 20pc from the year prior. In Q2 and Q3 FY 2020, China recorded double-digit sales growth. Sales, however, declined in the Q4, as the country headed towards a lockdown due to the COVID-19 outbreak. The company’s retailers in China have resumed sales, according to the company’s press release.
Jaguar has temporarily shut its operations at other facilities outside China due to social distancing measures announced by various countries. The company is following guidelines set by countries where it operates and is working towards a phased return to production as soon as the situation stabilises.