Jaguar Land Rover, the luxury-car maker operated by Tata Motors (NYSE:TTM), has reported strong gains in its January sales figures. The unit sold 34,877 automobiles during the month, a 32% increase over January 2012's figure. Sales were higher in every major region, with a 74% annual rise in China, 46% in the broader Asia Pacific, 33% in the U.K., 24% in North America, and 10% in Europe.
Of the 34,877 autos sold, Land Rover was responsible for 29,118, marking a 31% year-over-year increase. Of the brand's models, the Freelander saw the highest annual rise in sales, at 57%. Land Rover posted January sales records in several major markets, notably the U.S., the U.K., and Germany.
Jaguar sold 5,759 automobiles during the month, or 40% higher than January 2012's figure. The XJ was the model boasting the highest annual increase, at 70%.
Fool contributor Eric Volkman and The Motley Fool have no position in Tata Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.