Jaguar Land Rover sees sales soar by almost a quarter despite China slump

Jaguar Land Rover saw full-year sales rise by almost a quarter, despite a slump in China.

The carmaker, owned by India’s Tata Motors, sold 431,733 cars in the year ended March 31 – an annual increase of 22 percent.

Retail sales were hugely boosted in the first three months of the year by transactions in Britain and North America.

But the Coventry-based company was hit by a slowdown in China and a dip in European trade in late 2023.

Jaguar Land Rover said yesterday it sold 114,038 cars between January and March this year. That was 11 percent more than a year earlier and an increase of 7 percent compared to the previous quarter.

During the same period, sales in Great Britain increased by 31 percent and in North America by 21 percent from a year earlier. However, sales in China fell by 9 percent and fell by 2 percent in Europe.

Jaguar Land Rover will report fourth-quarter and full-year results next month.