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Tata Motors’ Jaguar Land Rover (JLR) reported retail sales for the September month of 2018 at 57,114 cars in, posting a 12.3% decline from a year ago.
Felix Brautigam, chief commercial officer, Jaguar Land Rover, said, “As a business, we are continuing to experience challenging conditions in some of our key markets,” in a notice to the BSE.
“Customer demand in China, in particular, has struggled to recover following changes in import tariffs in July and intensifying competition on price, while ongoing global negotiations on potential trade agreements have dampened purchase considerations. Despite this, we expect lower tariffs on UK imports to be beneficial over the full year,” he further added.
The company said it would stop production at the Solihull plant in the UK for two weeks. The plant has 9,000 staff after cutting 1,000 temporary workers this year.
JLR said in a statement, “As part of the company’s continued strategy for profitable growth, Jaguar Land Rover is focused on achieving operational efficiencies and will align supply to reflect fluctuating demand globally as required.”
“The decision to introduce a two-week shutdown period later this month at Solihull is one example of actions we are taking to achieve this. Customer orders in the system will not be impacted and employees affected will be paid for the duration of the shutdown,” it said.
