JLR sales dip 30 percent in April 2012
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Jaguar Land Rover (JLR), the British subsidiary of the Indian auto giant Tata Motors, has registered a sales dip of 31 percent in the month of April 2012, as compared to the sales registered in the month of March 2012. It is the steepest decline in the company’s monthly sales since November 2009.
The Jaguar Land Rover was acquired by the Indian auto giant Tata Motors in December 2008, at a time when JLR was struggling with losses. However, in the Tata’s regime, JLR has been registering a considerable surge of in the global market.
The company is aggressively expanding its footprints in the global market with launch of a series of new car models. The company has recently rolled-out its all new popular Land Rover Evoque model, which is receiving an overwhelming response from the buyers of this segment worldwide.
The stocks of the company’s parent Tata Motors fell 6.9% to 270.25 in the BSE index on Wednesday afternoon.
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