JLR India reports its highest-ever first quarter sales; here are the details
The company stated that it has an impressive line-up of product initiatives scheduled for the year, starting with the enhanced Range Rover Velar – bookings for which commenced recently.
JLR India on Monday said it has recorded its best-ever first-quarter sales in the country in April-June 2023.
The company said its retail sales rose 102 per cent to 1,048 units in the June quarter as compared with the same period last year.
The performance was enabled by a phenomenal growth of 209 per cent in Range Rover, Range Rover Sport and Defender sales, JLR India said in a statement.
The three models continue to see sustained demand, contributing 78 per cent of the current order book, it added.
"This performance is a 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," JLR India Managing Director Rajan Amba stated.
JLR said its pre-owned business grew 137 per cent in the first quarter of the current fiscal.
The company stated that it has an impressive line-up of product initiatives scheduled for the year, starting with the enhanced Range Rover Velar – bookings for which commenced recently.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
08:01 PM IST