Sci-tech

JLR sales up 10 pc at 52332 units in November

JLR sales up 10 pc at 52332 units in November

"November has been a robust month for Land Rover, driving sales up globally across all of our key regions", said Andy Goss, Jaguar Land Rover Group Sales Operations Director. China sales rose 19.1%, Europe sales fell 2.1% and the rest of the world saw an increase of 19.7%. In overseas markets, sales rose by 19.7 percent, China (19.1 percent), United Kingdom (8.6 percent), North America (7.8 percent) and Europe (2.1 percent). Europe on the other hand, was the only one to weaken as it dropped 2.1 percent.

Jaguar retail sales were 13,688 vehicles in November, down 6.3% compared to November 2016, primarily reflecting lower sales of the Jaguar XE. The growth was driven primarily by the introduction of the new Land Rover Discovery and the Range Rover Velar.

"The Velar fills a gap in our Range Rover portfolio between Evoque and Discovery Sport".

The month saw the initial sales of its all new compact SUV, the E-PACE, in the United Kingdom and Europe during November. So far in the April-September period this fiscal, JLR sales have grown 45 per cent over the year-ago period, he said, adding the company expected to carry forward the sales momentum on the back of new products and network expansion.

Williams-Sonoma (WSM) Stock Rating Lowered by JP Morgan Chase & Co
Davis Selected Advisers decreased Liberty Global Plc Series C (LBTYK) stake by 5.89% reported in 2017Q2 SEC filing. (NASDAQ:FB). The fund owned 54,911 shares of the specialty retailer's stock after purchasing an additional 11,087 shares during the quarter.

The company will start deliveries of the model by end of January 2018.

Suri also said that the model will be fully imported and the company has received almost 100 percent pre-bookings for up to March next year.

Jaguar Land Rover India, the Indian arm of British luxury marquee, has finally launched the Range Rover Velar at a starting price of Rs. 78.83 Lakhs (Ex. Showroom) in the country. Suri did not reveal the booking numbers.

Tata Motors shares rallied 2 percent intraday Thursday after Jaguar Land Rover reported a 10 percent growth in November sales.


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