Tata Motors' British luxury marquee Jaguar-Land Rover (JLR) expects to vroom past the 4,500-unit volume-mark this fiscal year and increase its market share to around 14 per cent.
It had already sold 2,942 units in the first nine months of 2017, clipping past a solid 45 per cent over same period last year. In the whole of 2016, it had clocked around 2,400 units only, accounting for around 9 per cent of the 34,000 units luxury market.
JLR India president and managing director Rohit Suri is bullish about a spike in volumes despite the end of the lower taxation boost that GST regime had offered for two months and the resultant tepid festive sales in October.
And he bases the high expectation to the good response it has seen in the first nine months when the company sold 45 per cent more units over what it had sold in the same period last year.
"We are hopeful of closing this fiscal with a volume of 4,500 units and a market share of 13-14 per cent. Last year with a volume of under 2,500 units, we had 8-9 per cent of the market pie," Suri told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)