Monday, January 21, 2013
By Pawan Rana
Jaguar Land Rover achieves 32 percent sales growth in India
The slowdown in the car industry seems to be a misnomer, at least for some. Mahindra posted incredible growth, Audi did the same and now Tata owned Jaguar Land Rover has also posted growth even when the car industry in India is going through tantrums. It is surprising the luxury car segment has seen some movement while Maruti India could only post 3.2 percent growth in December 2012. Same was the case with other car makers that contended with only single figure growth. Meanwhile, a lot of car makers were all in red in the last month. Furthermore, Honda, Ford and Toyota have reported huge losses in 2012.
As per the reports, JLR has posted a growth of over 32 percent in India and has sold as many as 2393 JLR cars in India in 2012. Globally as well, the car maker has achieved a growth of over 30 percent in sales. In 2011, the car maker has sold just 1813 cars. This growth as well as growth posted by other luxury car makers suggests that India now prefers luxury and is willing to pay somewhat more if it is offered luxury and safety. This is striking revelation as it was expected that Maruti will be posting huge success growth as it had launched the Maruti Alto 800 that was supposed to change the fate of Maruti in India just as the Maruti 800 did. But some experts believe that it will do but first it will have to compensate the loss as well.
Enthused with the more than expected growth in 2012, the car maker will be launching new cars as well as refreshed models of some of its best selling cars in India. The British car brand owned by Tata has already launched the new Land Rover Range Rover, the Jaguar F Type worldwide and these cars will soon be entering India.
See More Land Rover Range Rover Pictures