Jaguar Land Rover June Sales Up 7% image

Jaguar Land Rover reported June sales up 7%, thanks to increased demand in China.

Jaguar Land Rover, owned by Tata Motors, said that Jaguar’s sales in June were up 34% to 6,574 units, with China sales more than doubling, while land Rover was up 2% to 27,165 vehicles. The automaker was helped by increasing demand in China and other emerging markets, offsetting the loss in the European markets.

JLR’s China chief said that the automaker plans to boost sales in the region by 20-30% by the end of this year. The automaker’s sales during the first half of the year were up 14% to 210,190 vehicles. Jaguar Land Rover plans to reach global sales of 750,000 units and even 1 million units until the end of this decade.

“It is very encouraging to see both our Jaguar and Land Rover brands delivering strong sales performances across our 178 markets. New model introductions have been incredibly well received with the all-new Range Rover retailing more than 22,000 units since launch,” said Phil Popham, group sales operations director, Jaguar Land Rover.

In the first half of the year Jaguar sold 37,636 units, up 29%, with F-Type selling 3,000 units and the XF 24,099 units. Sales in China increased 85%, the UK was up 22%, North America increased 23%, Asia Pacific up 21% and Europe up 13%. During the same period Land Rover sold 172,554 units, an increase of 11%, with Asia Pacific up 28%, the UK up 15%, North America up 10%, China up 8% and Europe up 5%.

Source: Reuters