JLR India posts record sales in 2018

    Notches 4,596 units in calendar year 2018, up 16 percent year on year; over 50 percent sales led by SUVs.

    Published On Jan 08, 2019 02:14:00 PM

    7,809 Views

    JLR India posts record sales in 2018

    2018 was a record year for Jaguar Land Rover India as it sold 4,596 units, its highest ever in a year, recording a growth of 16.23 percent over the 3,954 units sold in 2017.

    And as for several carmakers in the country, SUVs led the growth charge for JLR as well, accounting for over 50 percent of the volumes. Growth was driven by models such as Discovery Sport, Range Rover Evoque, and Jaguar F-Pace as well as the XE and XF.

    The carmaker achieved this despite challenges over liquidity and depreciation of the rupee, mostly in the second half of the year.  “The auto industry faced strong headwinds in 2018, especially in the second half with tight liquidity conditions, increased upfront insurance costs and increased lending rates. Despite that, the growth of Jaguar Land Rover in India has been very encouraging," Rohit Suri, president and managing director, JLR India said.

    The first half of 2018 proved to be quite positive for most luxury carmakers in India as BMW, Mercedes-Benz, Volvo, and JLR all reported a growth in sales. But while BMW India (10,405 units, up 11 percent), Volvo (2,638 units, up 30 percent) and now JLR have managed to buck the trend in terms of full-year sales, the country's leading luxury carmaker Mercedes-Benz is expected to report a flat growth.

    Also see:

    Jaguar Land Rover expected to cut up to 5,000 jobs

    SCOOP! JLR to miss 2019 Geneva Motor Show

    New Jaguar XJ50 launched at Rs 1.11 crore

    2019 Jaguar F-Pace petrol launched at Rs 63.17 lakh

    Land Rover Cars

    Copyright (c) Autocar India. All rights reserved.

    Comments

    ×
    img

    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now

    Search By Car Price

    Poll of the month

    Buying an electric car but renting its battery: is it a good idea?

    Yes, it lets me pay only as per my usage

     

    34.35%

    No, I prefer to buy the whole car

     

    55.87%

    No, I prefer to lease the whole car

     

    9.77%

    Total Votes : 1371
    Sign up for our newsletter

    Get all the latest updates from the automobile universe