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  HOME | Business & Economy (Click here for more)

Tata’s Jaguar Land Rover 2017 Sales Rose 7%, Faces Tough Market in UK

LONDON – Tata Motors Ltd.’s subsidiary Jaguar Land Rover said on Monday that sales grew 7 percent year-on-year in 2017, as it warned of a tough outlook in the United Kingdom.

Jaguar Land Rover said 2017 was a record year, with 621,109 vehicles sold, more than tripling its 2009 sales.

Jaguar’s sales jumped 20 percent to 178,601 vehicles, while Land Rover’s increased by 2 percent to 442,508 vehicles, the UK subsidiary of Tata Motors added.

In 2008, Tata Motors acquired Jaguar Land Rover from Ford Motor Co.

This sales growth was driven by the introduction of new models and increased manufacturing capacity around the world, Jaguar Land Rover said.

Tata’s subsidiary also said it is facing tough times in the UK, where it expects to be hit by low consumer confidence and new diesel taxes.

In 2017, the UK new car market declined 5.7 percent, according to data released last week from the Society of Motor Manufacturers and Traders, an industry body.

 

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