For 2018, Jaguar Land Rover India reports 16 percent sales growth. The company reports 4,596 units sold, the highest for JLR India in a calendar year. In 2017, JLR India reported 3,954 units sold.
JLR India attributes its growth in 2018 to its SUV range. More than half the sales reported have come from the sales of SUVs like Land Rover Discovery Sport, Range Rover Evoque, Jaguar F-PACE, XE and XF.
Rohit Suri, President & Managing Director, Jaguar Land Rover India Ltd. (JLRIL) said, “The auto industry faced strong headwinds in 2018, especially in the second half with tight liquidity conditions, increased upfront insurance costs and increased lending rates.
Despite that, the growth of Jaguar Land Rover in India has been very encouraging for us and we continue to focus on strong product launches and an ever improving customer experience in 2019 for the two iconic brands, Jaguar and Land Rover.”
JLR India kept busy through 2018 with a range of new launches. The company introduced its Range Rover Velar, Range Rover Evoque Convertible, MY Range Rover and Range Rover Sport, Jaguar F-PACE 2.0-litre petrol and a 50th anniversary Jaguar XJ50.
While all luxury car manufacturers in India haven’t yet reported sales for 2018, the three that have, have reported growth. JLR’s 16 percent growth is well matched by Volvo India that’s grown 30 percent, and sold about 2k cars less than JLR in 2018. BMW India reported 11 percent growth for the year having sold 10405 units. All three companies have reported their highest ever sales in India in a calendar year. Mercedes and Audi have not revealed sales report yet.
