JLR India reports best-ever Q1 sales; saw 102% YoY growth in Q1 FY24

economictimes.indiatimes.com:

JLR India on Monday reported its best-ever Q1 sales performance with a growth of 102 per cent, retailing a total of 1048 units, in the first quarter of FY24 compared to the same period last year. The company in a statement attributed this growth to a rise of about 209% in Range Rover, Range Rover Sport and Defender sales. The three models contribute to 78% of the current order book and the order book for Q1 FY24 grew by 88% as compared to the same period last year. “This (highest ever Q1 sales) performance is testament to the exceptional equity of the JLR brands and our class-leading collection of modern luxury vehicles. Backed by the growing demand among our discerning clients, our order book remains strong and growing, and we are excited and confident of our India story ahead,” said Rajan Amba, Managing Director, JLR India. The JLR-certified pre-owned business grew by 137 per cent in the first quarter of FY24, again, reflecting the growing demand and the equity of JLR brands in India, said company’s statement. The company is looking forward to its new launch, starting with Range Rover Velar – bookings for which have recently commenced.

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