Tata Motors Group global wholesales fall 14% in Oct-Dec quarter
11 January 2019
The Tata Motors Group global wholesales in December 2018, including Jaguar Land Rover, declined by 13.9 per cent to 100,551 units year-on-year, on the back of a major slump in Chinese demand.
Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in December 2018 were 14 per cent lower at 40,653 units, over December 2017.
Global wholesales of all passenger vehicles in December 2018 stood at 59,898 units, lower by 14 per cent, compared to December 2017.
Global wholesales for Jaguar Land Rover were 45,474 vehicles (JLR number for December 2018 includes CJLR volumes of 5,007 units). Jaguar wholesales for the month were 14,088 vehicles, while Land Rover wholesales for the month were 31,386 vehicles.
CJLR is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR
Tata-owned Jaguar Land Rover, meanwhile, is reported to be set for a massive job cut involving about 5,000 jobs in the marketing, management and administration roles
The iconic British carmaker, which employs more than 40,000 people in Britain, was hit by a slump in Chinese sales, a downturn in diesel vehicle sales and fears about Britain's competitiveness after Brexit.