Tata Motors' Jaguar Sales Up 167% in China

Tata Motors (NYSE: TTM  ) announced its November Jaguar Land Rover retail numbers today, and sales continue to head higher.

The India-based automaker bought Jaguar Land Rover from Ford in 2008 for $2 billion and has successfully turned the struggling company into its most profitable subsidiary.

In this latest report, Jaguar November unit sales are up 55%, while Land Rover managed 21% gains. Year to date (from April), Jaguar sales are up a seasonally adjusted 48%, with Land Rover up 14%. In total, the Jaguar Land Rover company has seen sales head 19% higher year to date.

Regionally, China is responsible for Jaguar's roar. Sales are up 167% so far this fiscal year, and November's numbers clock in a whopping 193% higher than November last year. Europe sales have fared the worst (up 13% year to date), while North America has managed a respectable 58% increase.

Land Rovers have the Asia-Pacific region to thank for their rising numbers. Sales are up 36% year to date, while China sales have increased 17%. Europe sales have barely budged, up just 3% year to date.


Read/Post Comments (1) | Recommend This Article (2)

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.

  • Report this Comment On December 12, 2013, at 5:18 PM, elkarlo wrote:

    It would be great if you could add the actual numbers sold to the %.

Add your comment.

DocumentId: 2761903, ~/Articles/ArticleHandler.aspx, 4/19/2014 1:20:34 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...


Advertisement