Published: Mon, January 08, 2018
Business | By Tara Barton

JLR global sales up 6.5% in 2017

JLR global sales up 6.5% in 2017

The luxury auto company, which has its engine manufacturing centre at the i54 to the north of Wolverhampton, has seen sales more than triple since 2009.

Led by the new XE, XF and the new F Pace, Jaguar posted a very healthy growth of 20% with sales of 1.78 lakh units, whereas Land Rover registered a marginal growth of 2% in 2017 with volumes of 4.42 lakh units.

JLR said it had notched up its seventh successive year of sales growth, driven by the introduction of new models, as well as increased uptake of its Ingenium clean diesel and petrol engines.

Retail sales in December 2017 were up in overseas markets (19.0%) and in China (12.6%) but down in the United Kingdom (15.8%), U.S. (9.2%) and Europe (4.6%), reflecting weaker market conditions in the United Kingdom and to a lesser extent the US.

Jaguar Land Rover has roared to a new record, posting its best ever full-year global sales of 621,109 vehicles, despite noting tough conditions in some of its key markets.

Range Rover's new Velar has hit Britain's roads and is already proving popular with buyers
Range Rover's new Velar has hit Britain's roads and is already proving popular with buyers

China was the company's most important region in 2017 with annual sales of 146,399, up 23% year-on-year.

But we are facing tough times in key markets such as the United Kingdom where consumer confidence and diesel taxes will hit us.

The increasing popularity of Jaguar Land Rover products is a great testimony to our focus on building a highly capable and customer friendly sales and service infrastructure to support these aspirational brands.

Mr Rohit Suri, President & Managing Director, Jaguar Land Rover India Ltd. (JLRIL) said that "We intend to sustain this fabulous momentum in 2018 with the launch of some exciting new products, the new Range Rover Velar being the first off the blocks in January 2018".

JLR now employs nearly 42,000 people globally and supports around 240,000 more through our dealerships, suppliers and local businesses.

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