Jaguar Land Rover sales fall 15% amid supply crunch, Middle East unrest

Wait 5 sec.

Jaguar Land Rover's first-quarter sales dipped 15.3% due to supply issues and weaker demand. A supplier fire and disruptions from the Middle East conflict impacted volumes. The company is shifting focus to the US market, aiming to offset challenges in China's competitive landscape. JLR plans significant cost reductions to bolster its financial recovery.