Jaguar Land Rover Enjoys Record Year 2013 |

Automotive

Published on January 20th, 2014 | by Daniel Sherman Fernandez

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Jaguar Land Rover Enjoys Record Year 2013

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Jaguar Land Rover reported record global sales last year, driven by growth in the Asia Pacific and China region. Jaguar Land Rover’s total worldwide sales rose 19% last year to 425,006 vehicles. Jaguar brand sales jumped 42% to 76,668 vehicles, the most since 2005, while Land Rover increased 15% for an annual record of 348,338 vehicles, the company said in a statement recently.

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Sales in Asia Pacific and the China region jumped 30 percent during 2013, North America rose 21%, the U.K. grew 14%, mainland Europe 6% and other overseas markets increased 23%, according to the statement. Jaguar Land Rover, which Mumbai-based Tata Motors bought from Ford Motor Co. in 2008 for $2.5 billion, accounted for 72% of group revenue and 88% of operating profit for the year ended March 31. In the quarter ended in September, Tata Motors posted profit that beat analyst estimates as rising Jaguar Land Rover sales outweighed a loss at the parent company’s Indian business.

“It’s more of a Jaguar Land Rover story now for Tata Motors,” Ronak Sarda, Mumbai-based research analyst at Emkay Global Financial Services, said. “This provides a good time for investors to make use of the JLR story as Tata Motors is not generating anything positive in India.”

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