Jaguar Land Rover: Jaguar Land Rover’s FY24 sales jumps 81%, a five-year high and “one of the best since 2009”

Jaguar Land Rover (JLR), owned by Tata Motors, reported that its FY24 retail sales saw a 81 per cent surge in retail sales in India, reaching 4,436 units. This growth, the company says, is one of its strongest performances since its entry into the Indian market in 2009, marking its highest in the past five years.

The retail sales of SUVs, Range Rover, and Defender registered growth again, experiencing a year-on-year increase of 160 per cent and 120 per cent respectively, JLR said in a statement.

Discovery Sport and Range Rover Evoque’s newly launched 2024 model saw a growth of 50 per cent and 55 per cent each, on an annual basis respectively, the company said.

In the last year, JLR India saw a series of retail sales records, resulting in a strong full year position for the year ended March 31, 2024, JLR India Managing Director Rajan Amba sad.

“We remain confident in our strategy and vision for the years to come. The positive gains we have made in the last year across our product segments, but particularly the Range Rover and Defender brands, reflect the growing demand for high-quality premium luxury vehicles in India,” Amba said.

The company said its certified pre-owned business grew by 28 per cent year-on-year compared with the same period last year.JLR’s certified pre-owned business grew 28 per cent on a year-on-year basis in the same period last year.

Total retail sales for the fourth quarter were 854 units, up 43 per cent year-on-year, JLR said.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.

Leave a Comment