Jaguar Land Rover owner sees beginnings of recovery in China

Jaguar Land Rover’s Indian owner Tata Motors is seeing the beginnings of a recovery in China sales after the world’s second largest economy gradually opened for business following months of inactivity to check the spread of the coronavirus pandemic.

Jaguar Land Rover (JLR) recently showcased the 2020 Defender in the United States. (Bloomberg)
Jaguar Land Rover (JLR) recently showcased the 2020 Defender in the United States.

The success of JLR is crucial for owner Tata Motors Ltd., as the Indian company faces an unprecedented slump in sales in the domestic market, which started to slow down much before the virus outbreak destroyed demand. Tata Motors is “nothing" without its luxury unit as it generates as much as 74% of its revenue by selling Jaguar and Land Rover vehicles, brokerage CLSA said in a research report.

Also Read : Jaguar Land Rover raises $705 million loan from Chinese banks

A recovery in China will bolster the Indian auto-maker in the second half of the year as the pandemic is crippling operations around the world. China’s economy contracted 6.8% in the first quarter but the world’s largest manufacturing hub saw demand reviving as factories reopened in late March after a strict lockdown that lasted for two months.

Also check these Vehicles

Find more Cars
Jaguar Epace (HT Auto photo)
₹ 50 - 60 Lakhs* *Expected Price
View Details
Jaguar F-pace (HT Auto photo)
₹69.99 Lakhs - 1.51 Cr* Ex-showroom price
Add to compare
Check latest offers
Jaguar I-pace (HT Auto photo)
₹ 1.06 - 1.12 Cr* *Ex-showroom price
Add to compare
Check latest offers
Jaguar F-type (HT Auto photo)
₹97.97 Lakhs - 2.61 Cr* Ex-showroom price
Add to compare
Check latest offers
Land Rover Range Rover (HT Auto photo)
₹ 2.39 - 4.17 Cr* *Ex-showroom price
Add to compare
Check latest offers
Land Rover Discovery (HT Auto photo)
₹88.06 Lakhs - 1.20 Cr* Ex-showroom price
Add to compare
Check latest offers

The coronavirus pandemic has crippled demand for automobiles worldwide with million of jobs at stake, and factories and suppliers at risk of shutting down. After struggling in China, and dealing with fallout from the ongoing uncertainty around Brexit, JLR started a 2.5 billion-pound ($3.2 billion) savings drive that includes cutting thousands of jobs worldwide.

Also Read : Tata Motors Q4 net loss at 9,864 crore as Covid-19 hits sales

Tata Motors bought the maker of the Jaguar XE sedan and Land Rover Discovery sport utility vehicle from Ford Motor Co. in 2008. JLR’s pretax loss for the quarter was 501 million pounds.

Shares of Tata Motors fell 4.6% to 100.50 rupees at the close in Mumbai.

First Published Date: 15 Jun 2020, 18:55 PM IST
Shopping Bag Shop Now
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard (Car Duster)
Rs. 389 Rs. 1,499
SHAYONAM Dent Removal Kit - Powerful Car Dent Repair Kit - Suction Cup Dent Puller Handle Lifter and Dent Repair Puller for Car Body Dent, Glass, Tiles and Mirror (Plastic)
Rs. 399
40% OFF
MelodySusie Portable Electric Nail Drill Professional Cleaner Dust Collection/Lighting 2 in 1 Car Vacuum Cleaner 120W High-Power Handheld Wireless Vacuum Cleaner Home Car Dual-use USB Rechargeable (Black)
Rs. 599 Rs. 999
42% OFF
Boldfit Cycle Pump for Bicycle Portable Air Pump for Cycle and Bike Foot Balloon Pump Machine for Balloon High Pressure Cycle Air Pump for Bicycle, Car, Football Pump, Pump for Cycle Tyre Black
Rs. 349 Rs. 599

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.