Jaguar Land Rover posts strong August sales, driven by robust China market

Reflecting on the robust growth in China, Tata Motors-owned Jaguar Land Rover (JLR) sold 38,519 vehicles last month, up 4.3 percent compared to August, 2016. Retail sales for the period Jan-Aug,  2017 came in at 401,565 an increase of 7.7 percent compared to same period last year.

Driving on the introduction of the new Range Rover Velar and the long wheel base Jaguar XLF in China, along with strong sales of Discovery Sport and F-Pace. Retail sales for the month were up Y-o-Y in China (+29.9%) and in North America (+2%) which compensated against lower retail sales Y-o-Y in the UK (-11.7%), Europe (-9.4%), and in overseas market (-5.4%) that was reflecting the general economic conditions.

Commenting on the result, Andy Goss, group sales operations director, Jaguar Land Rover said, “A promising performance in North America has led to another month of global growth for Jaguar Land Rover, driven by continuing strong sales of the Jaguar F-PACE and the new Range Rover Velar.”

“China sales were also buoyant in August, thanks to the long wheel base Jaguar XLF and the Jaguar F-PACE, as well as the strong sales of the Discovery Sport and Evoque,” Goss added.

Jaguar retail sales reached 10,960 in August 2017 up 0.8 percent compared to same period last year, while Land Rover retailed 27,559 vehicles up 5.8 percent.

JLR is investing more than 4 billion pound (Rs 39,372 crore) annually to extend its model range and manufacturing footprint, that includes investment in its new plant in Slovakia and recently launched the new Discovery, Range Rover Velar, and the Jaguar XF Sportbrake as well as the soon to be launched models including Jaguar’s new compact performance SUV the E-PACE.