Jaguar and Land Rover sales have leaped up, boosting Tata Motors’ performance in Q3. "Jaguar Land Rover has made a substantial profit of Rs 416.96-crore supported by better market environment and sustained cost reduction efforts," said Ravi Kant, Tata Motors' Vice-Chairman. Europe and the US market are already showing rise in demand and things have begun to look brighter already.
Jaguar sales for the month were 3,292, up by 55 per cent, while Land Rover sales were 13,905, up by 62 per cent. The total sales is still down by 16 percent where Jaguar is down by 26 percent y-o-y and Land Rover is down by 11 percent.
Reuters report that Jaguar sales are slowly ready to leap back to pre-crisis sales figures once the global meltdown is over. "In the past, Jaguar built more than 100,000 vehicles per year. We can return to such levels once the crisis is over," David Smith told German weekly WirtschaftsWoche in an interview.
