Skip to content
Search AI Powered

Latest Stories

Jaguar Land Rover November retail sales fall 3 per cent 

TATA MOTORS-OWNED Jaguar Land Rover (JLR) has reported a year-on-year 3.4 per cent decline in its total retail sales in November to 46,542 vehicles.

The Indian conglomerate-run business said yesterday (9) that sales continued to improve in China after retail sales climbed 29 per cent marking the fifth consecutive month of double-digit sales growth in the region.


Commenting on the latest sales figures, JLR Chief Commercial Officer Felix Brautigam said: “…Despite the ongoing headwinds in China, we continue to see green shoots of recovery in our sales there. The intensive work with our retailers in the region, combined with significant process and product improvements, are starting to gain traction.”

It recorded a sales growth of 4.9 per cent in North America also.

Meanwhile, sales were down in the UK by 10.8 per cent followed by Europe, where it also witnessed a decline in sales by 16.8 per cent.

The retail sales of Britain’s largest carmaker in the overseas markets declined by 16.7 per cent, largely in Russia and Middle East North Africa (MENA) region.

“Model highlights include the new Range Rover Evoque (up 25.2 per cent), the refreshed Land Rover Discovery Sport (up 4.4 per cent and just launching in China), as well as the Land Rover Discovery (up 15.5 per cent) and Range Rover Sport (up 4.8 per cent),” the company said in a statement.

Land Rover retail sales were 35,078 vehicles, up 5.5 per cent year-on-year, and Jaguar retails were 11,464 vehicles, down 23.1 per cent.

JLR retail sales for April to October period were 345,976, down 5.9 per cent compared to the same period in 2018.

The carmaker, which lost £3.6 billion in the year to March, is on a hunt for a suitable partner to get support to develop electric vehicles and has been in discussion with BMW about extending their collaboration, media reports said last month.

More For You

CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less
Reeves and Chandra lead UK delegation at Davos

Varun Chandra

Reeves and Chandra lead UK delegation at Davos

CHANCELLOR Rachel Reeves will lead a group of ministers at the World Economic Forum (WEF) in Davos this month, as the government works to attract global investors and reassure British businesses.

Reeves, who has attended the event for the past two years in her role as shadow chancellor, will meet with key international investors, including sovereign wealth funds and private equity firms from the US, reported the Times. The government is looking to secure financial backing for its plans related to infrastructure and green energy.

Keep ReadingShow less
Nadella-Modi

Modi and Nadella discussed the company’s plans for growth, innovation, and upskilling in India. (Photo: X/@satyanadella)

Microsoft announces £2.4bn India investment after Nadella-Modi meeting

MICROSOFT on Tuesday (7) announced a £2.4 billion investment to expand its Azure cloud and artificial intelligence (AI) capacity in India over the next two years.

The announcement followed a meeting between Microsoft chairman and CEO Satya Nadella and Indian prime minister Narendra Modi on Monday (6), during which they discussed the company’s plans for growth, innovation, and upskilling in the country.

Keep ReadingShow less