Tata Motors' JLR sold over 6 lakh vehicles in FY17
Tata Motors on Friday said that its laxury car brand Jaguar Land Rover (JLR) has sold more than 6,00,000 vehicles in a year for the first time in its history.
JLR sold total 604,009 vehicles at end of financial year 2016-17, a rise of 16% compared to similar period of previous fiscal (FY16).
Andy Goss, Jaguar Land Rover Group Sales Operations Director said: “These numbers set the seal on Jaguar Land Rover’s seventh successive year of sales growth, by breaking through the 600,000 barrier."
"We continue to make encouraging gains in key markets such as China and North America, as well as seeing sustained customer demand for the Jaguar F-PACE, Range Rover Evoque and Land Rover Discovery Sport," he said.
The last 12 months have seen the launch of three completely new product lines, and successful growth across many of JLR's existing products.
"Jaguar sales are still increasing strongly and Jaguar is now Europe’s fastest-growing car brand,” he said.
JLR's retail sales for fourth quarter between January 2017 – March 2017 period, witnessed sales of 179,509 vehicles, up 13% versus similar quarter of FY16.
In March 2017 alone, JLR recorded sales of 90,838 vehicles increasing 21% from March 2016.
Jaguar's retail sales recorded a whopping 83% growth with 172,848 sales in FY17.
This was driven by successful introduction of the F-PACE and solid sales of the XE and XF (including the long wheel base XFL from the China joint venture).
Q4FY17 saw Jaguar retail sales of 53,972 vehicles, up 81% on the same quarter last year.
However, Land Rover saw just 1% jump in sales with 4,31,161 vehicles in FY17 compared to last year, as continuing strong sales of the Discovery Sport, Evoque and Range Rover Sport were offset by the run-out of Defender and Discovery.
Discovery since its launch in February 2017 have sold 4,862 units.
Land Rover's Q4FY17 recorded sales of 125,537 units, down 2.7% from a year ago.
On geographical basis, retail sales for FY17 increased on year-on-year (YoY) in China (32%), North America (24%), the UK (16%) and Europe (13%), whilst sales in Overseas markets were down 6%.
Recently, Land Rover launched the Velar - a new addition to the Range Rover family. Tata Motors stated that it will commence sale later this year.