Tata Motors records 12% growth in group global wholesales in June 2018

Lloyd Doyle
July 10, 2018

Jaguar Land Rover (JLR) has asked the United Kingdom government for clarity on the taxes post the country exiting the European Union (EU). It had sold 90,966 units in June previous year.

Britain's biggest carmaker Jaguar Land Rover said on Wednesday a so-called "hard Brexit" would cost it £1.2 billion a year, curtailing its future operations in the United Kingdom.

Other luxury brands also did well with the market leader Mercedes-Benz clocking 12.4 per cent more volumes at 8,061 units and the number two player BMW selling 13 per cent more units at 5,171.

"Land Rover sales declined slightly in June as China waited for the welcome reduction in import tariffs as of July".

JLR chief commercial officer Felix Brautigam said: "We have seen a positive month for Jaguar ahead of the start of customer deliveries of our Jaguar I-pace, the auto at the forefront of our electric vehicle revolution". The award-winning Range Rover Velar continues to make its mark across all regions.

Global sales of JLR were 37,490 units.

Speth said a "bad Brexit" deal that reimposes barriers between Britain and its biggest trading partners "would cost Jaguar Land Rover more than £1.2 billion ($1.6 billion, 1.3 billion euros) profit each year".

Other reports by Iphone Fresh

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