Tata Motors' subsidiary Jaguar Land Rover (JLR), the UK's leading manufacturer of premium luxury vehicles on Wednesday reported September retail sales of 47,634 units, up 3% from a record September 2014 performance. The company sold 349,412 vehicles in the first nine months of 2015, in line with prior year.
Jaguar Land Rover's regional performance year-to-date shows 21% growth in Europe, 18% in North America and 15% in the UK, with Overseas down 12%. Sales in the China Region are down 29% year-to-date.
Andy Goss, Jaguar Land Rover Group Sales Operations Director said, "The all-new Jaguar XE and the all-new Discovery Sport continued to impress this month, retailing more than 13,000 vehicles in total."
"Sales in the UK, Europe and North America have shown impressive growth year-to-date and despite a challenging macro-economic environment, particularly in China, customer demand for both our Jaguar and Land Rover vehicles remains encouraging," he added.
Land Rover retailed 37,240 unitrs in September, down 1% year on year compared to a very strong September in 2014. The new variant discovery sport is outselling by 30% the Freelander it replaced and Range Rover and Range Rover Sport were up 6% and 11% respectively.
Shares of the company gained Rs 20.8, or 5.9%, to trade at Rs 373.10. The total volume of shares traded was 769,768 at the BSE (12.26 p.m., Thursday).