Jaguar Land Rover global sales up 30% in April

 

Mumbai: Jaguar Land Rover Automotive Plc., the British subsidiary of Tata Motors Ltd, sold a record 37,171 vehicles in April, up 30% from a year ago.

 

Sales rose 12% to 161,947 vehicles the first four months of 2014, the company said in a statement.

The maker of luxury cars saw a double-digit growth in sales across various markets including China region, Europe, Asia Pacific, the UK and North America. China, one of the fastest expanding markets for the firm, led the sales momentum with a 72% growth from a year earlier.

 

“April sales continue the positive momentum we saw in the first quarter of 2014. Alongside the F-Type, all three Range Rover models delivered record April sales performances reflecting the global appeal of our strongest ever vehicle line up,” Andy Goss, Jaguar Land Rover group’s sales operations director, said in the statement.

Among the two brands, Land Rover expanded at a brisk 33% to 31,660 units, and Jaguar volumes increased 17% 5,511 units over a year ago.

 

Tata Motors’ shares rose 4% to a record Rs445 on Monday. The benchmark Sensex closed at 23,551 points, up 2.42%

RANJAY KUMAR,
PGDM 2nd SEM,
SOURCE- MINT