Sensex 27643.88 -313.62 (-1.12%)25-May-15 16:00
Nifty 8370.25 -88.7 (-1.05%)25-May-15 16:10
Jaguar Land Rover sold 25,176 vehicles in the month of October, an increase of 10% from a year ago. The two brands retailed 294,291 vehicles in the first ten months of the 2012 calendar year, an increase of 35% compared to the same period a year ago.
October sales were up in all major markets apart from the USA, which was impacted by the hurricane in the last week of the month and in anticipation of new 13 Model Year products for Jaguar.
Jaguar Land Rover has experienced strong sales growth across all major markets in the 2012 calendar year to date, with increased sales in North America (up 15%), UK (up 21%), Europe (up 41%), China (up 78%) and Asia Pacific (up 38%).
Phil Popham, Jaguar Land Rover’s Director of Group Sales Operations said “We have seen a strong sales performance across both the Jaguar and Land Rover brands in the first ten months of this year.”
“During a very competitive year for premium car sales, and in an increasingly uncertain economic environment, I am delighted to see strong demand for our products and that we are still performing well across all our key markets.”
October retails for Land Rover were 22,166 vehicles up 3,235 units (17%) from 2011 with Evoque, Range Rover Sport, Discovery, and Freelander all up. Since the start of the year, Land Rover has retailed 249,414 vehicles (up 41%). The all new, high aluminium, Range Rover will go on sale to customers in December.
Jaguar retails for the month of October was 3,010 vehicles down 929 units (24%) primarily due to the impact of the hurricane in the USA and in advance of the introduction of the 2013 Model Year XF and XJ model ranges across all major markets later this year.
Key new products include the XF Sportbrake and all-wheel drive and smaller engine options in the XF and XJ. For the first 10 months of 2012 Jaguar delivered 44,877 vehicles up 8% from a year ago, reflecting the strong performance of the Jaguar XF.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices