Robust sales of Jaguar and Land Rover vehicles reported for the third quarter boosted share price of India based automaker Tata Motors this week. Share prices topped out at a 5.55% gain during intra-day trade monday on the New York Stock Exchange. Growth was driven by and large by strong sales in China, where 2013 year-over-year sales reached 24.8% (up from 21.1%). Sales in North America were also strong, rising 19.1% during the same period.
Pent-up demand, available credit, and luxury segment spending are spurring vehicle sales globally, and Jaguar Land Rover dealers are taking notice. Hoping to capture sales in the near term and position themselves for service volume capacity in the long term, dealers are making capital investments in dealership upgrades. For example, construction recently completed on Jaguar San Diego, a project we designed in 2013. Currently, we are also in various stages of design for Jaguar Land Rover dealerships in other key California markets. Dealers are anxious to make facility improvements to showcase new vehicle models, and provide standard vehicle maintenance and service.
Tata Motors is Ltd. is the biggest beneficiary from global sales of Jaguar and Land Rover vehicles. Beating many analyst estimates compiled by Bloomberg, Tata (India's largest automaker) nearly tripled its net income from a year ago, and brought in $771 million (48.1 billion rupees) for 2013. Sales of the Jaguar F-Type convertible in particular bolstered sales at Jaguar Land Rover, which remains Tata's main profit contributor.
To learn more about Jaguar Land Rover visit http://www.jaguarlandrover.com/gl/en/
Citations: http://www.bbc.co.uk/news/business-26120593; http://www.forbes.com/sites/kenrapoza/2014/02/10/jaguar-land-rover-push-tata-motors-to-new-heights/; http://articles.economictimes.indiatimes.com/2014-02-10/news/47200664_1_net-profit-sales-volumes-standalone-basis