| Jaguar Land Rover expects successful business in India, will accelerate sales growth – Hindi News

Jaguar Land Rover (Courtesy: Twitter)

Jaguar Land Rover has been a wholly owned subsidiary of Tata Motors since 2008, with Tata Sons being the largest shareholder.

New Delhi Tata Motors-owned Jaguar Land Rover (JLR) has expressed its desire to grow faster than the overall growth of the luxury car market in the current financial year. JLR Managing Director Rajan Amba has said that the company is increasing localization and also expanding its product portfolio, due to which the company expects faster sales growth than the industry.
The company is set to start local assembly of Range Rover and Range Rover Sport in India. In the financial year 2023-24, the company's sales increased by 81 percent to 4,436 units compared to the previous year. The company intends to double its business in India in the next three years.
will achieve greater growth
Amba told PTI, “Luxury car segment has grown at the rate of 20 to 25 percent in the last financial year. The same growth rate is expected in the next few years. We hope that we will achieve more growth than this.”
The country's luxury car section will double
He said that localization will reduce prices and we will be able to expand our sales network in India. This will enable us to grow faster than the industry. He said that the country's luxury car segment will double in the next five years. Currently it is 48,000 units annually.
(With agency input)

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