Jaguar Land Rover Posts Record Sales for 2012

Jaguar Land Rover, the storied high-end vehicle maker owned by Tata Motors (NYSE: TTM  ) , reported this week that it posted record sales in 2012, selling nearly 358,000 vehicles during the year, an increase of 30% over 2011's level.

Most of these deliveries were made by Land Rover. That brand saw a strong unit sales increase of 36% on a year-over-year basis to just under 304,000 vehicles. Jaguar sales were up 6%.

During the year, China was Jaguar Land Rover's most significant market. It sold nearly 71,940 vehicles there for a 71% year-over-year gain. Other top markets also saw double-digit annual sales gains: The U.K. increased 19% to 68,333, the U.S. grew 11% to 55,675, Russia jumped 43% to 20,549, and Germany increased 41% to 16,722.

In 2013, Jaguar Land Rover plans to create 800 new jobs in the U.K. to support the introduction of future model programs. It now employes 25,000 people globally.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

DocumentId: 2197434, ~/Articles/ArticleHandler.aspx, 4/20/2014 12:21:48 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...