Jaguar Land Rover (JLR) will rescue and boost the overall performance of Tata Motors at the close of the financial year. JLR revenue makes up two-thirds of Tata Motors’ collective revenue and contributes to three-fourth of its net profit. In spite of the global slump, JLR sales escalated by 19 per cent for April to November this financial year. Rolling out models like Evoque and Defender that saw robust demand, Land Rover sales increased by 28 per cent between April and November. Following the trend, the company looks forward to finish this year on a high note.
In this fiscal so far, JLR has delighted investors, coming up with better numbers every month. Moreover, the current year forecast of 275,393 vehicles or the rate of selling 22,321 units per month seems achievable with the prevalent trend. JLR has been surprising industry experts due to the overwhelming response in the fast-growing markets like China, Russia, Brazil and Middle East. As per forecasts by industry analysts, JLR will grow by 8 to 10 per cent during the financial year 2013.
Banking on JLR sales, Tata Motors Limited is positive of reviving stock values, which have skidded continuously over the past few months.
