Published 19:38 IST, October 15th 2024
JLR retail sales up 36% to 3,214 units in April-September 2024
Jaguar Land Rover on Tuesday said its retail sales rose 36 per cent year-on-year to 3,214 units for the first six months of the current fiscal.
Surge in JLR sales: Jaguar Land Rover on Tuesday said its retail sales rose 36 per cent year-on-year to 3,214 units for the first six months of the current fiscal.
The strong sales performance in the April-September period was led by robust offtakes in both first and second quarter, the automaker said in a statement.
The robust performance was driven by improved supplies and sustained demand for the Range Rover and Defender models, particularly with the local manufacture of the entire Range Rover portfolio, it added.
"FY25 has been a high point for us so far. Our strategic decision to locally manufacture the Range Rover and Range Rover Sport has yielded impressive results, with orders surging by 60 per cent," JLR India Managing Director Rajan Amba said.
The Defender's remarkable growth in H1 FY25 is a testament to its ever-increasing popularity, he added.
"Our Q2 standalone growth of 41 per cent and highest-ever H1 retail numbers reflect this momentum," Amba said.
The automaker remains confident about maintaining momentum in the second part of the financial year, he added.
"As we enter the festive season, we are confident in maintaining this momentum through the second half of the year, driven by our robust product portfolio and customer-centric approach," Amba said.
This development comes after JLR noted a dip of 3 per cent on a year-on-year basis in retail sales to 1,03,108 units in Q2 FY24. According to a statement released by Tata Motors, the retail sales for the first six months of the financial year were registered at 2,14,288 units, which marked a surge of 3 per cent on a year-on-year basis.
The production of vehicles in Q2 of FY25 saw a restriction as a result of the aluminium supply disruptions reported in Q1 FY25. The manufacturer’s production was restricted to 86,000 units, which saw a dip of 7 per cent as compared to 93,000 units in the year-ago period, it added.
Updated 19:38 IST, October 15th 2024