Jaguar Land Rover, a subsidiary of India’s Tata Motors (TTM: Quote), posted a 30 percent growth in sales for 2012, driven by strong performances in the UK, China and the US markets, and said it is creating up to 800 new jobs at its advanced manufacturing facility in Solihull, UK.
For the year, Jaguar Land Rover sales in China grew 71 percent, followed by 43 percent growth in Russia and 41 percent growth in Germany. Sales for 2012 rose 19 percent in the UK and 11 percent in the US.
In the group’s Land Rover division, retail sales were up 36% globally, while Jaguar’s sales for the year were up 6%.
Phil Popham, Jaguar Land Rover’s Director of Group Sales Operations said: “2012 has been a strong year for Jaguar Land Rover with record breaking sales performance globally. All of our key markets saw strong progress, with demand for our premium vehicles setting new records in a very competitive environment.”
“Looking ahead to 2013, we are continuing to invest in our business to support our ambitious plans for growth and we will be introducing eight new or refreshed products throughout the year,” he added.
As part of the new job creation at its advanced manufacturing facility in Solihull, UK, the group said, recruitment campaign for production operators is underway. Jaguar Land Rover had recently confirmed a 370 million pounds investment programme for its Solihull site.
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by RTT Staff Writer
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