JLR to launch eight models this year

Will bolster market share in China

Image
Swaraj Baggonkar Mumbai
Last Updated : Jan 29 2013 | 2:34 PM IST

Tata Motors-owned United Kingdom-based luxury brands Jaguar and Land Rover will continue its aggression with a series of new launches planned this year aimed at further bolstering its market share including in China which has overtaken the UK to become its largest market.

JLR, which recently launched new variants of the Jaguar XF and XJ and all-new Range Rover will launch at least eight new or refreshed products this calendar year to maintain its growth momentum.

Jaguar Land Rover, which is also UK's leading manufacturer of premium luxury vehicles, today confirmed its best ever global sales performance, with retail sales up 30% in 2012 following strong market performances from the UK, China and the U.S.

In 2012, Jaguar Land Rover sales at 357,773 vehicles were up in every major market due to new model introductions and update programmes. China is now JLR's largest market delivering with sales of 71,940, up 71%. It is followed by the UK at 68,333 up 19%, USA at 55,675, up 11%, Russia at 20,549, up 43% and Germany 16,722 up 41%.

Phil Popham, Jaguar Land Rover’s Director of Group Sales Operations said, "2012 has been a strong year for Jaguar Land Rover with record breaking sales performance globally. All of our key markets saw strong progress, with demand for our premium vehicles setting new records in a very competitive environment.

To support enhanced production planned for the future and to support the introduction of future model programmes Jaguar Land Rover will create 800 new jobs in the UK. The recruitment campaign for production operators is underway at Jaguar Land Rover’s advanced manufacturing plant in Solihull, West Midlands.

Jaguar Land Rover has recently confirmed a £370 million ($600million) investment programme for its Solihull site which includes the installation of a new aluminium body shop for the all-new Range Rover as well as upgrades to paint-applications technologies, trim assembly, warehousing and Jaguar Land Rover’s first customer handover centre.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 14 2013 | 2:27 PM IST

Next Story