Press Report : JLR sales rise gives Tata Motors a boost in March
Douglas A. Bolduc, Automotive News Europe, 15 April 2011
Jaguar and Land Rover sales rose 2 percent to 24,101 units last month, driven by an 8 percent rise in Land Rover sales. The increase helped JLR parent Tata Motors Limited boost its global vehicle sales 1 per cent in March to 110,785 units, the Indian company said on Friday.
For the month, Jaguar’s global sales were down 19 percent to 3,772 cars while Land Rover sold 20,329 SUVs worldwide in March. Tata bought the British-based Jaguar and Land Rover luxury brands from Ford Motor Co. for $2.3 billion in 2008.
Tata Motors, which is India’s largest truck and bus maker, also saw global sales of its commercial vehicles rise 19 percent to 56,814 in March, while sales of passenger vehicles, ranging from the 121,000 euro Jaguar XKR cabriolet to the 137,555 rupee (2,150 euro) Tata Nano minicar, were at 53,971 units, the company said in a statement.
[Source: Automotive News Europe]