Tata Motors' Jaguar Sales Up 167% in China
Tata Motors announced its November Jaguar Land Rover retail numbers today, and sales continue to head higher.
The India-based automaker bought Jaguar Land Rover from Ford in 2008 for $2 billion and has successfully turned the struggling company into its most profitable subsidiary.
In this latest report, Jaguar November unit sales are up 55%, while Land Rover managed 21% gains. Year to date (from April), Jaguar sales are up a seasonally adjusted 48%, with Land Rover up 14%. In total, the Jaguar Land Rover company has seen sales head 19% higher year to date.
Regionally, China is responsible for Jaguar's roar. Sales are up 167% so far this fiscal year, and November's numbers clock in a whopping 193% higher than November last year. Europe sales have fared the worst (up 13% year to date), while North America has managed a respectable 58% increase.
Land Rovers have the Asia-Pacific region to thank for their rising numbers. Sales are up 36% year to date, while China sales have increased 17%. Europe sales have barely budged, up just 3% year to date.
The article Tata Motors' Jaguar Sales Up 167% in China originally appeared on Fool.com.
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