Jaguar land Rover, the completely owned subsidiary of Tata Motors, has announced its global wholesale figures for the first eleven months of the ongoing year. The British premium sports and luxury car maker has recorded a surge of 32 per cent in sales from all across the globe at 324,184 units, between January 1, 2012 and November 30, 2012.
The Tata Motors owned British sister luxury automobile brands have witnessed sales boom in almost every international markets, they have presence in. The sales of Jaguar Land Rover during November month of 2012 have been the most spectacular in Chinese auto market, where they climbed up by 43 per cent. Further, the company registered increase in sales of 26 per cent in Asia Pacific, 15 per cent in United Kingdom (UK) and 12 per cent in Europe. However, wholesale figures of Jaguar Land Rover plunged by 7 per cent in North American auto markets, which underline model year changeover effects and ever increasing competition in the market.
Expressing his views on the recently announced sales figures, Phil Popham, Director of Group Sales Operations, Jaguar Land Rover, was quoted as saying, “Both Jaguar and Land Rover brands continue to deliver strong sales globally. The record breaking performance in our home market, the UK, is great news. The Jaguar XF is starting to gain traction in the market place, while the continued success of the Range Rover Sport and Evoque is encouraging as we are launching our new Range Rover to customers.”
Reportedly, Land Rover has recorded an increase of 17 per cent in its global vehicle sales at 25,862 units during 2012 so far, as compared to last year. The British sports and luxury car maker has witnessed an increase in its sales across its entire product portfolio, including Freelander (up by 53 per cent), Range Rover Evoque (up by 39 per cent), Land Rover Discovery (up by 2 per cent) and Range Rover Sport (up by 3 per cent). Further, during the first eleven months of 2012 calendar year, Land Rover has sold more than 275,000 units across the globe, an increase of 38 per cent as against last year.
Further, the sales of Land Rover's sister marque Jaguar plummeted by 5 per cent during November 2012, because of the anticipation among car enthusiasts towards launch of its new range of XF and XJ luxury car range. Between the first eleven months of 2012, Jaguar witnessed a 7 per cent surge in its worldwide sales at 48,908 units, as compared to last year.
Reportedly, the consolidated net profit of the parent firm of Jaguar Land Rover, Tata Motors has risen by 10.5 per cent at Rs. 2074.73 crore. The sales jumped by 19.1 per cent at Rs. 42818.90 crore during the Q2 (second quarter) September 2012-13 fiscal as compared to the same period last year.
