You are here: Rediff Home » India » Business » Business Headline » Report
Search: The Web
   Discuss   |      Email   |      Print | Get latest news on your desktop

JLR plant to be shut for a week on low demand: UK media
BS Reporter in Mumbai
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
September 27, 2008 13:43 IST

Production at the Halewood plant of Jaguar Land Rover in the United Kingdom is expected to stop for a week next month due to falling demand for new vehicles, stated a news report published on Friday in the UK.

The report says Tata Motors [Get Quote], JLR's new owners, will produce 200-300 less cars by the end of the year. That would be equal to about a week's worth of production for the Jaguar models of XJ and XK.

Bumpy Ride

The UK media says JLR's new owners, Tata Motors, will produce 200-300 less cars by the end of the year

Jaguar sales have risen this year so far, thanks to the global popularity of the new car XF Saloon, but Land Rover has lost ground as high fuel costs has hit sales.

Land Rover has already announced cuts in production, including the suspension of the Range Rover night-shift, and implementation of four-day working on some other lines, as its sales ebb away from the record levels, seen in the past three years, stated another article in The Birmingham Post.

Both the brands reported a net loss of $383 million for the first-half of the current financial year, according to a report by Tata Motors. 

Car sales of other companies such as Toyota has cut production at the UK plant. Similarly, luxury brand Bentley, too, has curtailed production.

Analysts attributed the fall in demand to the credit squeeze felt within the industry -- a result of the financial turmoil and general economic slowdown.

Powered by

 Email  |    Print   |   Get latest news on your desktop

© 2008 India Limited. All Rights Reserved. Disclaimer | Feedback