JLR registrations in UK drop 50% YoY in Dec21

6 Jan 2022 , 03:22 PM

New car registrations in the United Kingdom (UK) dropped by 18.2% year-on-year (YoY) to 108,596 units in December 2021 from 132,682 units in December 2020, due to the ongoing impact of COVID-19 and the semiconductor shortage on the industry.

Total Jaguar Land Rover (JLR) registrations in UK fell 49.6% to 4,002 units in December 2021 from 7,934 units in December 2020.

While Jaguar registrations dropped by 60.6% to 1,333 units, Land Rover registrations declined by 41.3% to 2,669 units in December 2021 over December 2020.

Jaguar Land Rover is the UKs largest automotive manufacturer. On 2 June 2008, Tata Motors acquired the Jaguar Land Rover businesses from Ford Motor Company.

Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.

On a consolidated basis, Tata Motors net loss stood at Rs 4,476.61 crore in Q2 FY22 as against net loss of Rs 343.28 crore in Q2 FY21. Net sales grew 14.4% to Rs 60,435.92 crore in Q2 FY22 over Q2 FY21.

The scrip shed 0.21% to currently trade at Rs 488.50 on the BSE.

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