JLR sure to grow volume and market share in 2018: Suri

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Press Trust of India Mumbai
Last Updated : Jul 11 2018 | 7:06 PM IST

Jaguar Land Rover India, which has clocked a 66 per cent volume growth in the January-June period, is hopeful of maintaining the momentum through the rest of the year and expects to "close 2018 with a robust double-digit growth that will be much above the industry average."
He attributed the good H1 show to "the good run that the Discovery Sport and the Evoque from the Land Rover stable and the XE and XF from the Jaguar platform."
The third largest player Audi has not yet disclosed its half-yearly sales figures
When asked about market share target for 2018, he said, "we will definitely grow the market share. We closed 2017 with 11 per cent of the market pie, but refused to proffer a number for the same in 2018."

Asked whether they are planning to increase engine production from the Pune facility, he said, "we continue to look at more growth opportunities. But there is no immediate plans to massively scale up our operations here. At the same time let me add that we do a lot of things in Pune and not just assembly. One of them is engines."
On whether they will have small cars in the country, a segment thats growing at a much faster clip and which has helped its larger rivals like Mercedes and BMW to corner volumes, Suri said, "there is no immediate plan that is India-specific. We'll continue to roll in our global products to this market as we don't look at any India-specific product in the short to medium-term."

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First Published: Jul 11 2018 | 7:06 PM IST

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