Mumbai, 10 April 2024: Jaguar Land Rover (JLR) India accelerates into the spotlight with a stellar sales performance for the financial year closing on 31 March 2024. Marking a remarkable 81% year-on-year retail sales upsurge, the automotive giant showcased its resilience and mettle in the Indian luxury car market.
With retail sales clocking in at 4,436 units, this milestone represents JLR India’s most robust performance in the last five years since its inception in 2009. The star performers of this surge were undeniably the revered Range Rover and Defender brands, boasting year-on-year growth rates of 160% and 120% respectively. Moreover, the 2024 Model Year Discovery Sport and Range Rover Evoque, both recently introduced, showcased commendable growth rates of 50% and 55% year-on-year.
In the final quarter alone, JLR India witnessed a commendable 43% year-on-year growth, underscoring the sustained momentum and consumer trust in the brand.
Rajan Amba, Managing Director of JLR India, expressed his elation over the monumental achievement, stating, “During the past year, JLR India has achieved a series of retail sales records, resulting in a strong full-year position for the year ended 31 March 2024. We remain confident in our strategy and vision for the years to come.”
He further emphasized, “The positive gains we have made in the last year across our product segments, but particularly the Range Rover and Defender brands, reflect the growing demand for high-quality premium luxury vehicles in India. We remain committed to our discerning clientele as we continue to create the world’s most desirable luxury vehicles.”
Noteworthy was the 28% year-on-year growth in JLR’s certified pre-owned business, showcasing the enduring demand and the indelible equity of JLR brands in India.
As the automotive landscape evolves, Jaguar Land Rover India stands poised at the vanguard, not merely as a purveyor of luxury automobiles but as a harbinger of driving experiences unparalleled in sophistication and performance.
