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Bloomberg
Jaguar Land Rover posted a quarterly loss amid a decline in deliveries of its sport utility vehicles (SUV) F-Pace and Discovery Sport from a year earlier.
The luxury unit of Tata Motors Ltd. reported a loss of $276 million in the three months ended on June 30, the automaker said. The parent also posted a loss of $277 million.
“With regards to JLR, we faced multiple challenges including temporary issues like China duty impacts as well as the market issues like diesel concerns in UK and Europe,†Tata Motors Chairman Natarajan Chandrasekaran said.
Sales of F-Pace SUV fell 26 percent in the quarter, while Discovery Sport declined 14 percent. Deliveries in Europe, one of its biggest markets, slipped 7.3 percent in the period.