Jaguar Land Rover (JLR) India has reported three consecutive quarters of record-breaking sales, demonstrating a robust performance in the nine-month period ending December 31, 2023.
Key highlights for the financial year-to-date include Defender sales standing strong with a remarkable 150% YoY increase, while the Range Rover model experienced incredible growth of 250% over the same period. The Range Rover and Defender models jointly contributed to over 75% of the current order book, showcasing their popularity among Indian consumers.
In the quarter ending December 31, 2023, JLR India continued its strong performance with a YoY growth of 74%, achieving retail sales of 1,226 units. The 24MY Range Rover Velar, a newly launched model, played a pivotal role in this success, recording an outstanding YoY growth of 183% in the quarter.
Rajan Amba, Managing Director of JLR India, expressed satisfaction with the consistent and substantial growth observed over the past nine months. He highlighted the impressive year-on-year surge of nearly 100% in each quarter, reflecting strong demand and promising future prospects. Amba also mentioned the significant interest generated by the eagerly awaited Range Rover Battery Electric Vehicle (BEV) among clients across the country.
The order book at the end of Q3 FY24 remains robust, showing a YoY growth of 92%. Covering more than eight months of sales, the current order book continues to increase month-on-month, indicating sustained customer demand.
Furthermore, JLR's certified pre-owned business witnessed a substantial 74% YoY growth in the year-to-date period, reflecting the growing demand and the strong brand equity of Jaguar Land Rover in the Indian market. The brand is optimistic about sustaining its remarkable growth trajectory in India with upcoming launches in the current quarter.
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