Jaguar Land Rover has posted a loss of £524 million for the first quarter of the 2023 financial year, as it continues to suffer the impacts of the global semiconductor shortage and Covid lockdowns.
The Tata-owned British company sold 78,825 new cars from April to June – a drop of around 46,000 year on year, representing a 37% drop.
Excluding sales in China, JLR's wholesale volumes stood at 71,815, which was 6% down on the previous quarter.
Its order book, meanwhile, stood at almost 200,000 cars – around 32,000 more than at the end of March.
