Jaguar Land Rover India: JLR sales grows 9% in 2014, aims to sell over 50 lakh units in 2015

Tata Motors-owned Jaguar Land Rover today reported a 9 per cent increase in its total global retail sales at 4,62,678 units in 2014. Buoyed by the growth last year and 12 significant new products planned for 2015, the company is aiming to sell over fifty lakh units this year.

Written by: Oncars India
Published: January 12, 2015, 7:36 PM IST

Jaguar Land Rover India: JLR sales grows 9% in 2014, aims to sell over 50 lakh units in 2015

Last year, the Jaguar brand delivered its strongest full year performance in nearly a decade retailing 81,570 vehicles, up 6 per cent, JLR said in a statement. The Land Rover brand retailed 3,81,108 units in 2014, up 9 per cent, it added. Commenting on the full year performance Andy Goss, Jaguar Land Rover Group Sales Operations Director said: “Jaguar Land Rover has once again outperformed prior year performance, with retails up across all of our key regions.”

Jaguar Land Rover's global performance for the full year 2014 showed a balanced portfolio with sales up across all key regions, the company said. Sales in China Region, were up 28 per cent at 96,505 units, while in Europe it was 3 per cent at 86,310 units. In the home market of the UK, sales were up 7 per cent at 82,872 units and in North America it was up 2 per cent at 74,981 units, the statement added.

On the expectations for 2015, Goss said: “With 12 significant new product actions planned for 2015 and the introduction of the new Jaguar XE and the Land Rover Discovery Sport, we anticipate retailing over half a million vehicles for the first time in the company?s history.”

JLR said in 2014 its manufacturing business expanded from three plants to five. JLR opened its first ever overseas manufacturing plant, in China. It also opened a new engine manufacturing centre in the West Midlands, UK. This facility, together with major recent investment and increased headcount at Castle Bromwich, Halewood and Solihull, underlines Jaguar Land Rover's commitment to the UK, the company added.

(PTI)

Also Read: Tata Motors owned JLR adds 1,300 new jobs to its Solihull plant in UK

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