By Jaguar Land Rover (JLR) India has embarked on a triumphant journey in the first half of the fiscal year 2024, demonstrating its unshakable presence in the Indian luxury car market. With a spectacular performance, JLR India has reported its best-ever H1 sales figures, clocking in at 2,356 units, marking an astonishing year-on-year growth of 105% for the period spanning April to September 2023. This exceptional half-yearly growth was powered by impressive sales figures in both quarters, with the second quarter (Q2) taking the lead with a staggering 108% YoY growth, witnessing retails of 1,308 units. It’s worth noting that the momentum began early in the year with JLR India already reporting a 102% sales growth in the first quarter (Q1) compared to the same period in the previous year.
The success story doesn’t stop there. The order book for FY24 has consistently expanded, boasting a 90% increase compared to the previous year for the H1 period. Within this order book, the Range Rover, Range Rover Sport, and Defender models have continued to experience robust demand, contributing to a substantial 72% of the total order book. As it stands, the current total order book ensures coverage for more than eight months of sales. The triumphant launch of the 24MY Range Rover Velar, coupled with the surging demand for the Range Rover, Range Rover Sport, and Defender, underpins the commendable sales performance in H1. Notably, the Defender emerged as the best-selling model, with an impressive 1,000 units sold during this period.
In addition to new car sales, JLR India’s certified pre-owned business has grown by an impressive 83% during the first half of FY24. Rajan Amba, the Managing Director of JLR India, expressed his satisfaction with this remarkable performance, stating, “We are pleased with our strong performance in H1 and Q2 FY24. The consistent growth in our order book exemplifies the growing strength of our brand and products in the hearts of Indian consumers. We will continue to introduce new products that are best suited to meet the discerning needs of our customers and invest in strengthening our brand desire and client experience.”
JLR India’s extraordinary H1 performance not only reflects its commitment to delivering exceptional luxury vehicles but also underscores the strong affinity and loyalty it has garnered from Indian consumers. As the brand continues to innovate and expand its product portfolio, it is poised to maintain its leading position in the luxury car segment.
