JLR India retails 2,356 units in H1 of FY24: Records best-ever half-yearly sales
JLR India today reported its best ever H1 performance with record sales of 2,356 units and a YoY growth of 105%during the April – September 2023 period. The strong half yearly growth was driven byrecord sales in both quarters, with Q2 witnessing a 108% YoY growth andretails of1,308 units. JLR India had previously reported a 102% sales growth in Q1, compared to the same period last year.
The order book in FY24has seen consistent growth, with H1 closing order book higher by90% compared to the same period last year. Range Rover,Range Rover Sport and Defender continue to witness strong demand contributing to 72% of the total order book. The current total order book covers for more than eight months of sales.
Mr. Rajan Amba, Managing Director, JLR India, said,“We are pleased with our strong performance in H1 and Q2 FY24. The consistent growth in our order book exemplifies thegrowing strength of our brand and products in the hearts ofIndian consumers.We will continue to introduce newproducts that are best suited to meet the discerning needs of our customers and invest in strengthening our brand desire and client experience.”
The successful launch of 24MY Range Rover Velar along with growing demand for Range Rover, Range Rover Sport and Defender underpins the strong sales performance in H1. Defender was the best-selling modelwith sales of 1,000 units in H1.
JLR certified pre-owned business grew by 83%in H1 FY24.
JLR’s Reimagine Strategy
JLR’s Reimagine strategy is delivering a sustainability-rich vision of modern luxury by design. We are transforming our business to become carbon net zero across our supply chain, products, and operations by 2039. We have set a roadmap to reduce emissions across our own operations and value chains by 2030 through approved, science-based targets. Electrification is central to this strategy and before the end of the decade our Range Rover, Discovery and Defender collections will each have a pure electric model, while Jaguar will be entirely electric.
JLR is a wholly owned subsidiary of Tata Motors Limited, part of Tata Sons.
JLR India product portfolio
Range Rover, Range Rover Sport, Range Rover Velar, Range Rover Evoque, Defender, Discovery, Discovery Sport, Jaguar I-PACE, Jaguar F-PACE, Jaguar F-TYPE.