NEW DELHI: Tata Motors-owned Jaguar Land Rover (JLR) announced an impressive 81 per cent jump at 4,436 units in its retail sales in India in the fiscal year ended March 31, 2024.
JLR India said in a statement that the year-on-year (YoY) growth of 81 per cent represents one of the most robust performances since the company’s launch in the Indian market in 2009 and its highest growth rate in the past five years.
Range Rover and Defender retail sales continued to grow, with YoY increases of 160 per cent and 120 per cent respectively. The recently-launched 2024 Model Year Discovery Sport and Range Rover Evoque grew by 50 per cent and 55 per cent YoY respectively. The total retail sales for the fourth quarter were 854 units, up 43 per cent YoY, said the statement.
JLR reported a 28 per cent YoY growth in its certified pre-owned business during the same period last year. Besides, total retail sales for the fourth quarter reached 854 units, marking a substantial 43 per cent increase compared to the previous year, the statement added.
Rajan Amba, Managing Director of JLR India, said: “During the past year, JLR India has achieved a series of retail sales records, resulting in a strong full year position for the year ended March 31, 2024. 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. We remain committed to our discerning clientele as we continue to create the world’s most desirable luxury vehicles.”
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