Business Standard

Tuesday, December 24, 2024 | 12:18 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

What is Jaguar Land Rover doing to get out of the falling sales rut?

Sales in China, where the high-end market is still growing, tanked. JLR has long been a profit center for the whole company

jaguar landrover JLR
Premium

Anjani Trivedi | Bloomberg
Tata Motors Ltd’s Jaguar Land Rover unit can’t seem to get back in the right lane.

The Indian automaker’s luxury arm dropped into the red in the quarter ended September 30, posting a pretax loss of 90 million pounds ($116 million), with Ebit margins below breakeven and volumes down. Sales in China, where the high-end market is still growing, tanked. JLR has long been a profit center for the whole company. This time it took the domestic Indian business down with it, reversing recent signs of recovery there.

Not only was JLR’s performance dismal, there were few indications of a brighter future.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in