Paralleling the surge in industrial output, the demand for its commercial vehicles (CV) is so strong, analysts are forecasting sales to grow over 15% as truck freight rates get better and consumers as well as The positive results make a good conviction in the management's sales projection of 240,000 units for the 2011 fiscal year with the China market getting 25,000 units. Market analysts from Religare Research have forecasted that JLR's sales to average 19,400 units on a monthly basis. Year-to-date aggregate sales oh Jaguar Land Rover sales have reached 92,759 units, 46% year on year. Sales revenues in the US and other world markets were likewise in line with growth trends.
August posted a sales volume growth of 29% year on year as JLR sold 16,220 units. The growing demand for commercial vehicles has seen the increase in Jaguar Land Rover (JLR) sales that is sure to boost positive sentiment among investors. But come 2010, a more upbeat economy that is seeing the end of the global recession has translated into sales that have brought the new Jaguar Land Rover division of Tata Motors into the pink of health. Understandably, those months would not be seeing any encouraging sales for the two marques. Bought for around $2.3 Billion from cash-strapped Detroit automobile leader Ford Motors, those brands went into Tata's umbrella just as the fury of the global economic crisis was taking its peak.
It was only a year ago that Tata Motors must have felt they made the wrong investment decision acquiring the prestigious British marques Jaguar and Land Rover.
August posted a sales volume growth of 29% year on year as JLR sold 16,220 units. The growing demand for commercial vehicles has seen the increase in Jaguar Land Rover (JLR) sales that is sure to boost positive sentiment among investors. But come 2010, a more upbeat economy that is seeing the end of the global recession has translated into sales that have brought the new Jaguar Land Rover division of Tata Motors into the pink of health. Understandably, those months would not be seeing any encouraging sales for the two marques. Bought for around $2.3 Billion from cash-strapped Detroit automobile leader Ford Motors, those brands went into Tata's umbrella just as the fury of the global economic crisis was taking its peak.
It was only a year ago that Tata Motors must have felt they made the wrong investment decision acquiring the prestigious British marques Jaguar and Land Rover.
