JAGUAR LAND ROVER REVENUE FALLS 9.6 PER CENT AMID SUPPLY DISRUPTION

Jaguar Land Rover reported a 9.6 per cent year-on-year fall in revenue to £6 billion for the three months ending 30 June, according to figures released by the company. The decline followed disruption from a fire at a component supplier in Norway in March, which forced temporary suspension of Range Rover and Range Rover Sport production at the Solihull facility. Car sales volumes fell 9.2 per cent over the same period. The business, owned by India's Tata Motors, attributed the downturn to supply chain constraints linked to the Middle East conflict, in addition to the planned wind down of several petrol and diesel Jaguar models including the F-Pace.

PB Balaji, chief executive of JLR, said the company continued to see strong demand despite near-term industry challenges. Pre-tax profit before exceptional items fell to £109 million in the quarter, compared with £351 million a year earlier, partly due to a one-off provision linked to US fuel economy rules. JLR is transitioning Jaguar to focus exclusively on electric vehicles as part of a strategic overhaul. The company employs approximately 30,000 people across UK facilities in Solihull and Halewood, and a further 10,000 overseas, with manufacturing also taking place in Slovakia.

Last month JLR announced plans to cut fewer than 300 jobs as part of the major transformation programme, though the company did not specify which locations would be affected. The manufacturer said it remained committed to launching four new products, including the Range Rover Electric, Range Rover Sport Electric, Range Rover GT and Jaguar Type 01. The Type 01 is positioned as an ultra-premium electric vehicle at approximately £120,000.