1.30 (0.38%) Tata Motors’ UK subsidiary Jaguar Land Rover (JLR) has reported 16% growth in global sales at 53,772 units in March 2013 as compared to same month previous year, helped by strong response to its new launches like Range Rover and Jaguar XF Sportbrake, and continued demand for the Evoque. Of total, the company has sold 9,856 units of its Jaguar sedans while, 43,916 units of Land Rover sport-utility vehicles were sold in March 2013.
In the UK, JLR sales were up 14% at 17,784 units in March, while China delivered its best-ever month retailing 8,487 units collectively, a growth of 22%. Further, in India, sales increased by 28%. For the Q4FY13, the British luxury unit saw its global retail sales accelerate 17% to 1.16 lakh units. Jaguar sales in the three-month period jumped 31% while, Land Rover sales were up 15% in the same period.
Tata Motors acquired Jaguar Land Rover from Ford Motor Co. in 2008 for $2.3 billion. The unit has now become its parent's biggest revenue and profit generator.