MarketCarsLand Rover

Jaguar Land Rover Droops To £501M Loss!

The Jaguar Land Rover sales had been shattered in the first three months of the year by the ongoing pandemic

Like many other makers, the recent times have been too harsh for Jaguar Land Rover as well. The Coronavirus pandemic and the associated lockdown had shattered the industry as a whole during the first three months of the year. It seems JLR has had no escape from it either. The sales of Jaguar Land Rover vehicles have had steep falls during this span. In a frantic try to cope up with the decline in sales, the carmaker had recently announced 1100 of its jobs to go!

The first three months of the year saw dealerships being closed down due to the pandemic outbreak. JLR sales had drooped to mere 109,869 vehicles globally during this period! This essentially means a hefty £501m pre-tax loss for the company. The serious fall comes in following the Tata Motors-owned brand making a praiseworthy recovery in Q3. On a broader scale, it is a massive £422m pre-tax loss for the manufacturer for the full year, read this against the £3.6bn loss of the previous year.

ALSO READ: These LEGO 2020 Land Rover Defender Photos Are So Satisfying!

Show More

Neeraj Padmakumar

A car enthusiast with a fair flair for penning things down as well. Neeraj has the track of having worked with various automobile-oriented publications, both in print and online, over the years and thus has a thorough knowledge of the industry. He founded Vroom Head in 2018 as a platform for reading unbiased car/bike news and stories. Currently, the website has two different iterations targetting the US and Indian audience. Email: Phone: 9847112147

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Vroom Head completely relies of ads for revenue generation. Please support us and inspire us to bring more exciting stories to you by turning the adblocker OFF...