Jaguar Land Rover Posts Record Sales for 2012
Jaguar Land Rover, the storied high-end vehicle maker owned by Tata Motors , reported this week that it posted record sales in 2012, selling nearly 358,000 vehicles during the year, an increase of 30% over 2011's level.
Most of these deliveries were made by Land Rover. That brand saw a strong unit sales increase of 36% on a year-over-year basis to just under 304,000 vehicles. Jaguar sales were up 6%.
During the year, China was Jaguar Land Rover's most significant market. It sold nearly 71,940 vehicles there for a 71% year-over-year gain. Other top markets also saw double-digit annual sales gains: The U.K. increased 19% to 68,333, the U.S. grew 11% to 55,675, Russia jumped 43% to 20,549, and Germany increased 41% to 16,722.
In 2013, Jaguar Land Rover plans to create 800 new jobs in the U.K. to support the introduction of future model programs. It now employes 25,000 people globally.
The article Jaguar Land Rover Posts Record Sales for 2012 originally appeared on Fool.com.Eric Volkman has no position in Tata Motors. The Motley Fool has no position in Tata Motors Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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