Jaguar Land Rover India achieves 81% sales growth, delivers 4,436 units in fiscal year 2024

JLR India sales up 81 per cent at 4,436 units in FY24

Tata Motors-owned Jaguar Land Rover (JLR) reported an 81 per cent increase in retail sales in India, reaching 4,436 units in the fiscal year ending March 31, 2024, marking one of its best performances since its launch in 2009.

The growth was driven by a surge in sales of SUVs, especially the Range Rover and Defender, which saw year-on-year increases of 160 per cent and 120 per cent respectively. Additionally, the newly launched 2024 model year ‘Discovery Sport’ and ‘Range Rover Evoque’ showed significant growth of 50 per cent and 55 per cent respectively.

JLR India Managing Director Rajan Amba highlighted the company’s achievement of multiple retail sales records in the past year, positioning them strongly for the fiscal year ending in March 2024. He expressed confidence in their future strategy, emphasizing the growing demand for premium luxury vehicles in India.

The company also noted a 28 per cent increase in its certified pre-owned business compared to the previous year, as well as a 43 per cent year-on-year growth in total retail sales for the fourth quarter. This strong performance reflects the overall positive trend in the Indian luxury vehicle market.

Overall, JLR India’s exceptional sales growth in FY24 showcases the brand’s resilience and strong market presence, signaling a promising outlook for the luxury automotive segment in the country.