Jaguar Land Rover (JLR), owned by Tata Motors, is gearing up for robust growth in India, outpacing the luxury car segment as it ramps up localization efforts and expands its product portfolio.
The company, which is preparing to commence local assembly of Range Rover and Range Rover Sport models in India, witnessed a significant sales surge of 81 percent in the fiscal year 2023-24, reaching 4,436 units compared to the previous fiscal year.
Rajan Amba, Managing Director of JLR, expressed optimism about the company’s prospects in India, stating, “The luxury car segment grew in the range of 20-25 percent last fiscal. We expect that the growth rate will remain in this range for the next couple of years. And we anticipate to beat this growth rate.”
JLR aims to double its business in India over the next three years, leveraging its expanding product range and a focus on local manufacturing.
