JLR's fine growth in Europe to compel Tata Motors' fortunes in Q4
Tata Motors stocks were closed about 1.8% lesser on Monday at Rs. 268. On the other hand, JLR or Jaguar Land Rover sales have amplified about 46.6% in just first two months of the Q4 of current financial year, which is much faster than the growth that was seen in the first 3 quarters of 2012 financial year. JLR is happy with the strong demand of its cars in Europe, especially for its freshly launched SUV, Evoque. The firm is now focusing on the amplifications in the flourishing BRIC markets. Jaguar Land Rover accounts about 62.5% of Tata Motor’s entire income from the operations of a whopping Rs. 114746.6 crore in the first 9 months of the present financial year and comprise of 75.4% of Tata’s profit.
- Write a comment
Apparently, JLR is worried over the happening slowdown in the Chinese luxury car bazaar and increasing discounts and incentives being provided by the German luxury car brands to prolong their sales volumes. As per the recent reports, Jaguar Land Rover is bust expanding its marketing and dealership network in China and the major problems comes regarding the margins as compared to volumes. However, so far Tata Motors hasn’t confirmed anything in this regard.
China has certainly come up as a main market for Jaguar Land Rover in the first 3 quarters of FY12 as the sales volumes of the company are proudly growing by 148.8 % that is to 5136 units. For JLR, the retail sales volumes grew by 54.9% in China in the first 3 quarters of this financial year, whereas internationally the company sold a massive 168455 units. Major demand for Evoque SUV will probably aid Tata Motors in reporting a 112% of growth in the net profit for March’12 quarter along with a 59 percent of development in the net sales.
