Deals7 Oct 2024, 11:08 pm
Jaguar Land Rover Reports Stable Q2 Retail Sales Despite Aluminium Supply Disruptions
AI Summary
Jaguar Land Rover (JLR) reported stable retail sales for the second quarter (Q2) of the financial year 2024-2025. Despite a 3% year-on-year decrease in retail sales, the company saw a 3% year-on-year increase in the first six months of the financial year. The retail sales were affected by supply disruptions from a key high-grade aluminium supplier, which resulted in restricted production and wholesale volumes. However, the company expects a strong recovery in the second half of the year as the aluminium supply situation normalises.
Key Highlights
- Retail sales in Q2 FY25 were 103,108 units, down 3% vs Q2 FY24
- Production in Q2 FY25 was restricted to 86,000 units, down 7% compared to Q2 FY24
- Wholesale volumes in Q2 FY25 were 87,303 units, down 10% vs Q2 FY24
- Aluminium supply disruptions affected multiple OEMs in Q2 FY25
- Production and wholesale volumes are expected to recover strongly in the second half of the year