Jaguar Land Rover (JLR) has reported a 12.1 per cent decline in retail sales at 5,08,659 units for the financial year 2019-20.
The company in a statement explained that total retail sales in the fourth quarter of the previous financial year stood at 1,09,869 vehicles, down 30.9 per cent as compared with the January-March period of the financial year 2018-19.
The statement explained that despite the impact of coronavirus, retail sales of the new Range Rover Evoque were up 24.7 per cent year-on-year and sales of the all-electric Jaguar I-PACE increased 40.0 per cent.
Sales of the company were impacted across all regions, including North America, China and the UK, during the previous financial year due to coronavirus pandemic, it added.
Commenting on the sales performance, JLR Chief Commercial Officer Felix Brautigam said,”2019-20 has been a year of unprecedented disruption for the automotive sector. Despite the impact of regulatory change, shifting consumer tastes, Brexit and ongoing trade tensions, sales for JLR were showing improvement until the coronavirus pandemic hit in the fourth quarter.”
In the view of the ongoing coronavirus situation, JLR has temporarily suspended production at its facilities outside China.
