JLR India reported three consecutive quarters of record sales, selling 3,582 units and experiencing a remarkable year-on-year (YoY) growth of 93%in the nine-month period ending 31 December 2023. Range Rover and Defender continue to lead with a YoY increase of 250% and 150% (YTD), respectively, contributing to over 75% of the current order book.
JLR India experienced a 74% YoY growth in Q3 of FY24, with retail sales of 1,226 units. The newly launched 24MY Range Rover Velar showcased an outstanding YoY growth of 183%in the quarter,significantly bolstering sales in the period. Mr. Rajan Amba, Managing Director, JLR India, said, “We are pleased to see that the eagerly awaited Range Rover BEV has generated significant interest among clients across the country, and with our upcoming launches this quarter, we are poised to sustain our remarkable growth trajectory in India.”
The order book at Q3 FY24’s end showed a 92% YoY growth, covering over eight months of sales and showing consistent monthly increases. JLR’s certified pre-owned business grew by 74% YTD versus the same period last year, reflecting the growing demand and the equity of JLR brands in India.
