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.Fool contributor Justin Loiseau has no position in any stocks or vehicles mentioned. Follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool recommends and owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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