Jaguar Land Rover Ltd, the UK subsidiary of Tata Motors Ltd, is not out of the woods yet. The 12.2% sales decline in May makes it the twelfth consecutive month of falling sales for the luxury carmaker. Adding to Jaguar Land Rover’s cup full of woes is the U-turn in sales in the UK, North America and Europe in May, snapping the improving trend in these regions. If the slowdown in other markets continues, it may again raise concerns on Tata Motors’ financial performance in FY20. Jaguar Land Rover seemed to be on a recovery path, especially after the March quarter results announcement, which were better than forecasts.

Source: Mint June 12, 2019 17:37 UTC