Land Rover helps Tata Motors record its biggest gain in 18 months

Article by Christian Andrei, on September 19, 2011

Tata Motors recorded its biggest gain in 18 months after August sales at Land Rover surged at its fastest pace in over a year. The owner of Jaguar and Land Rover, Tata Motors gained 7% to 161.85 rupees (2.48 euros) when the stock exchange closed. This was its sharpest increase since March 2, 2010. When CEO Carl-Peter Forster resigned on September 9, the company’s stock fell 38% this year.

It fell up to 6.2% on Sept. 12. Forster is credited for helping the Jaguar Land Rover unit becoming profitable once again in the year ended March 31.

The deliveries of Land Rover increased monthly since November 2009, when Tata Motors began reporting its monthly global sales, says Autonews. Land Rover had helped to offset the declining demand for Jaguar and the Tata Nano, the cheapest car in the world.

Delivery of the Range Rover Evoque compact SUV started on Sept. 9. A new Defender model is expected to be introduced in 2015. Umesh Karne, a Mumbai-based analyst with Brics Securities Ltd., said that sales were “very good” particularly in markets that are emerging as more people choose luxury sports utility vehicles over sedans.

He added that by next month, sales will go up further with the start of Evoque deliveries. The automaker said that in August, worldwide sales of trucks and buses climbed by 17% to 48,023 vehicles.

Jaguar Land Rover sales increased by 31% to 21,242 vehicles, buoyed up by a 43% increase in Land Rover deliveries, the quickest pace since May 2010. Meanwhile, the Jaguar Land Rover unit (based in Gaydon, England) accounted for 57% of Tata Motors' revenue for the year ended March 31, a 53% increase from the previous year.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Volkswagen Group’s dieselgate saga continues, but it appears the German company would be able to get out of trouble, but it would not be unscathed. This development comes as Volkswagen...
by - January 22, 2017
When a car has been in the market for nearly six years, it loses some of its luster and its customers tend to go for the all-new model with a...
by - January 22, 2017
Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries