Sources: Jaguar.com and Landrover.com.
Tata Motors Limited (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 (F 4.79%) 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%.
