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China revs up Jaguar Land Rover sales

Jaguar Land Rover bucked a negative trend across the subcontinent's auto sector last month as sales rose fuelled by growth in demand from China.

Jaguar Land Rover, owned by India's Tata Motors, bucked a negative trend across the subcontinent's car industry last month as sales rose fuelled by growth in demand from China.

Jaguar Land Rover sold 29,893 vehicles in November, a 14 per cent increase on the same month last year, according to figures released by Jaguar Land Rover.

Sales in China surged 43 per cent last month, while the United Kingdom rose 15 per cent and Europe increased by 12 per cent.

"In North America, sales were down 7 per cent, reflecting model year changeover effects and increased competitive conditions," said the company.

Jaguar Land Rover sold 324,184 vehicles during the first 11 months of this year, up 32 per cent on the same period last year.

Tata Motors, which is India's largest car company by revenues, last month reported a 10.5 per cent increase in net profits to 20 billion rupees (Dh1.35bn) in the second quarter of the financial year, between July and September, driven by sales from Jaguar Land Rover. Tata bought Jaguar Land Rover from Ford for US$2.3 billion (Dh8.44bn) in 2008. Shares of Tata Motors rose about 4 per cent yesterday.

business@thenational.ae

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