Tata Motors shares fall 4% after JLR's job-cut plan

Jaguar Land Rover cuts 1000 jobs in the UK – report

"We are not renewing the contracts of 1,000 agency workers at Solihull", a spokesman told Reuters. India is also looking at stopping the sale of diesel and petrol cars by 2030.

Felix Brautigam Jaguar Land Rover Chief Commercial Officer said, "Weaker market conditions in the United Kingdom and Europe, driven by lack of consumer confidence and lower demand for diesels, are impacting our growth".

The United Kingdom's biggest automaker, Tata Motors-owned Jaguar Land Rover, will not renew the contracts of 1,000 staffers and would relocate 350 other employees, according to reports. Diesel demand fell by 37.2% last month.

Autocar reports the British manufacturer has restricted the layoffs to agency workers, with JLR citing a decline in diesel vehicle sales for the decision.

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Last week the company - which has about 40,000 staff - attributed the move to "continuing headwinds impacting the auto industry", though insiders hinted Government policy towards diesel was the main driver.

JLR chief executive Ralf Speth had previously pointed to weakness in the economy as well as a drop in demand for diesel and tax changes for creating a "reaction in the consumer base". Earlier this year, JLR had already reduced the production at the Halewood plant due to weakening demand and also the hike in tax on diesel cars.

"JLR has just revealed its full-electric i-Pace model and have indicated offering all-electric or hybrid variants of all their models by around 2021, but they have been far too slow compared with Tesla and BMW", Bailey was quoted as saying by the BBC.

Jaguar's XE and XF are understood to have been hit most heavily, although nearly every model has been affected because diesels account for around 90% of JLR's sales. Additionally, even the uncertainty of Brexit is being seen as one of the reasons.

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