There is finally some reason for Tata Motors to rejoice. On 17th January Tata Motor’s luxury Jaguar Land Rover unit reported that its wholesales in India rose by 32 percent in the current fiscal with a total sale of 2,393 units in the year 2012. Tata Motor’s this success was measured as against the sales in 2011, when dispatched 1,813 vehicles.
Tata Motors had launched the Rover range of luxury SUVs in India in 2012. Besides that range, the company also manufactures and sells the Pune factory built the Freelander 2. The others that are in the company portfolio are the Discovery 4, Ranger Rover Sport and the Range Rover Evoque, which are sold all over the country. Apart from these the XF, XFR, XKR, XKR-S and the XJ from the Jaguar range are also obtainable all over the country.
The Jaguar Land Rover unit of Tata said that the new products of Land Rover will be launched in India in the year 2013. The new Jaguar F Type, an all new two seated sports car, will also be revealed in the country later in 2013 itself. This will come along with the refreshed yearly changes yearly model changes for the Jaguar XF and XJ. Jaguar Land Rover unit also mentioned on the sales of Ranger Rover Sport on 12th Jan that its cumulative global sales rose by 30 percent with the sales of over 3.50 lakhs units and the unit also plans to add another 800 new jobs that would be available at its factory at Solihull in central England based on the demand for its cars in China and other markets.
Tata Motors shares went up by 2.8 percent at Rs 328.95. The company accounted for a rise of 23.31 points in the Sensex. The company was followed by Reliance Industries at 19.84 points, Infosys at 19.61 points, Bharti Airtel at 12.82 points and the company’s sister concern Tata Consultancy Services at 12.8 points. Jaguar Land Rover India VP Rohit Suri said that in spite of the difficult economic conditions and a general slowdown in the Indian automobile market, the company has been successful in continuing to grow its sales. In the coming year of 2013 the company will introduce even further new and upgraded products to keep on raising its sales. The company is also very confident of further increasing its share of the Indian luxury car market, the VP concluded.
Tata Motors have been seeing a down market in India following the slump in the Indian automobile market owing to the rise of petrol prices as well a high interest rate for car loans. Tata Motor’s cheapest passenger car Nano also witnessed a downfall in its sales rate, which could not be revived much by the revelation of the refreshed Tata Nano 2012. Tata Motors now is contemplating to revive the Nano market by introducing a CNG version. Tata’s new Safari Storme, though has witnessed very positive response from the consumers and is expected to grow in polarity, as it has already registered a lot of prior bookings.