JLR India reports a record year-on-year sales growth of 93 percent

Kenneth John Published: January 11, 2024, 06:12 PM IST

JLR India reported record sales of 3,582 vehicles for the nine months ending December 31, 2023, on Thursday. According to the corporation, revenues increased 93 percent year on year from April to December of the previous fiscal year.

According to the firm, Range Rover and Defender continue to dominate with YoY increases of 250 percent and 150 percent (YTD), respectively, accounting for more than 75 percent of the current order book. JLR India sold 1,226 units, a 74 percent increase year on year. The newly released 24MY Range Rover Velar witnessed a 183 percent increase in the quarter, considerably boosting sales.

According to JLR, its order book at the end of Q3 FY24 was up 92 percent year on year. The present entire order book includes more than eight months of sales and is increasing month after month. JLR's certified pre-owned business increased by 74 percent year to far compared to the same period previous year.

Rajan Amba, Managing Director, JLR India, said, "Over the past nine months, JLR's progress in India has been characterized by consistent and substantial growth. Each quarter has shown an impressive year-on-year surge of nearly 100 percent. The burgeoning order bank and continuous order intake signal a robust demand, underscoring promising future prospects. We are pleased to see that the eagerly awaited Range Rover BEV has generated significant interest among clients across the country, and with our upcoming launches this quarter, we are poised to sustain our remarkable growth trajectory in India."

Range Rover Electric

In December 2023, JLR announced that they have now opened the wait list for the upcoming Range Rover Electric SUV, ahead of formal orders being made available to customers. The first completely electric car from Range Rover will reinforce its contemporary luxury credentials, announcing the next milestone in its modern luxury electrification journey.

The electric Range Rover is being built in JLR's facility in Solihull, near Birmingham, with many of the same tools as the present Range Rovers, which are hybrids with smaller batteries and a petrol engine. If JLR's ambitions alter, the same machinery will allow it to move more swiftly between electric and petrol hybrid variants.

Also Read:

2023 Range Rover Velar review, road test - style and substance

The baby Range Rover Evoque gets updated for 2024


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