Fall in Jaguar, Land Rover sales hits Tata Motors, 1st decline since Oct.
October 17, 2012, 5:32 pm TWN
MUMBAI -- India's Tata Motors said Monday that sales of its British luxury brands Jaguar and Land Rover declined in September — their first monthly fall since July 2011 — helping push down total car sales.
The luxury cars account for most of the Indian vehicle giant's profit.
Jaguar and Land Rover sales fell four percent to 26,641 while total domestic and global passenger car sales for Tata Motors slid 11 percent to 48,895 units.
Sales of Jaguar and Land Rover models have been key growth drivers for the Indian firm in recent quarters.
Indian car sales have slowed due to high borrowing costs, costly fuel and rises in prices due to increases in raw material costs.