Tata Motors-owned Jaguar Land Rover India Sales Log 32% growth
Tata Motors ‘ luxury Jaguar Land Rover unit on Thursday said wholesales in India rose 32 percent year-on-year to 2,393 units in 2012. It had sold 1,813 vehicles in 2011.
During the year, the company launched the Range Rover luxury SUV in the country. Apart from that, it also sells the Freelander 2, which is built in Pune, Discovery 4, Range Rover Evoque, and Ranger Rover Sport in the country. The XF, XFR, XKR, XKR-S and the XJ from the Jaguar stable are also available in the country.
JLR said new Land Rover products will be launched in India in 2013. The new Jaguar F Type, an all new two seater sports car, will also be launched in the country later this year, along with model year changes for the Jaguar XF and XJ.
[quote]Commenting on Jaguar Land Rover India’s sales performance, Mr Rohit Suri, Vice President, Jaguar Land Rover India said, “Despite difficult economic circumstances and a general slowdown in the Indian car market, we have continued to grow our sales due to appealing and exciting products that distinguish us from other luxury car manufacturers. The coming year will see the introduction of further new and refreshed products and we are confident of increasing our share of the Indian luxury car market.”[/quote]
Tata Motors shares were up 2.8 percent at Rs 328.95 on NSE in noon trade.
JLR had said on Sunday that its total global sales rose 30 percent to over 3.50 lakh units and it plans to add 800 new jobs at its factory at Solihull in central England on the back of strong demand for its vehicles in China and other markets.