China Sales Soar for Jaguar Land Rover

Sources: Jaguar.com and Landrover.com. 

Tata Motors Limited (NYSE: TTM  ) released its latest February Jaguar Land Rover sales volumes today, and business is booming. 

For February, overall per-vehicle Jaguar sales increased a seasonally adjusted 15.3% to hit 5,300. The luxury line saw its biggest boost in sales from China (+40.8%), while United Kingdom sales took a 13.2% dip. So far this fiscal year (beginning in April 2013), China sales are up a whopping 136%, followed by 54% in North America. 

Land Rover sales grew slightly slower, up a seasonally adjusted 13.1% to 25,190 for February. While China sales increased even faster than Jaguar's at 44.4%, United Kingdom sales took a sizable 27.4% tumble. And for the fiscal year to date, Land Rover's growth leader, Asia Pacific, has increased just 27% . 

Tata Motors purchased Jaguar Land Rover from Ford (NYSE: F  ) in 2008 for $2.3 billion. In the past six years, it has grown to be the India-based automaker's most profitable arm. For the two luxury lines combined, February unit sales are up a seasonally adjusted 13.5%, while fiscal year-to-date sales have increased 18.2%. 


Read/Post Comments (0) | 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.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2874604, ~/Articles/ArticleHandler.aspx, 8/21/2014 1:27:59 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