British carmaker JLR's Q1 sales drop 11% after briefly halting US exports
Tata Motors
said on Monday, following a temporary pause in shipments to the US
JLR, known for its
Range Rover
sport utility vehicles, sold 87,286 units to dealers worldwide in the April-June quarter, down from 97,755 units a year ago.
In April, JLR paused exports of its British-made cars to the US, one of its biggest growth markets, after President Donald Trump slapped a 25 per cent duty on all foreign-made vehicles sold in the world's second-largest car market.
JLR has no manufacturing presence in the US Its 'Range Rover' lineup is manufactured in Britain - whose cars are subject to a 10 per cent levy - while the top-selling 'Defender' SUVs are made in Slovakia, subject to a higher 25% levy.
The steep decline in a key market for JLR comes as it navigates weak demand in China and slowing sales in Europe, prompting it to spend more to boost volumes.
Sales in North America - which accounts for one third of its sales - dropped 12.2 per cent in the first quarter.
JLR is one of Britain's top car exporters and its sales accounts for two-thirds of parent Tata Motors' revenue. It also attributed the lower sales to a planned phase-out of its legacy Jaguar models.
JLR and Tata Motors will report their first-quarter earnings in August.
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