Latest news with #JLRIndia
Time of India
22-05-2025
- Automotive
- Time of India
FTA with UK lays the road for JLR to double India sales: CCO
India's recent free trade agreement with the UK will allow Jaguar Land Rover (JLR) offer more imported models to Indian consumers, said a senior company executive. This would help the British luxury car maker attain its aim of doubling annual sales in India over the next three years, the executive said. Sales at JLR India have been on an upswing in the recent past. The automaker clocked a 40per cent surge in retail sales at 6,183 cars in FY25—the highest in its 17-year operations in the country. Wholesale volumes rose 39per cent to 6,266 vehicles. The company overtook Audi to emerge as the third-largest luxury car maker in India after Mercedes-Benz and BMW. 'We are excited about the FTA. It will bring more focus on the market,' said Lennard Hoornik , chief commercial officer, JLR. 'We would want to invest in India more than ever before and double the number of retailers we have. We are making record marketing investments in India,' he said, without elaborating. India currently levies 110per cent duty on all fully-built imported cars. Under the FTA, import duties on UK-built models will be reduced, in a staggered manner, over the next few years. 'Any reduction of trade obstruction' is very good, said Hoornik. With the exception of the Defender SUV—which is imported from Europe and will also be locally assembled in India at some point, all other models that the Tata Motors unit sells in India, are locally assembled, he said. Hoornik—who is responsible for JLR's global sales—was speaking to a group of Indian journalists at the company's headquarters in the UK. Over the next 12-18 months, JLR plans to launch eight models including new models and refreshes. This will include the Jaguar Type 00—the company's maiden EV offering under the "Reimagine Strategy" announced in 2021; the Range Rover electric SUV, and special edition models as well as refreshes of existing vehicles. To be sure, JLR is placing huge bets on EVs at a time when carmakers globally are curtailing their EV plans amid slower-than-expected transition to such eco-friendly vehicles. Hoornik however noted that JLR's flexible powertrain strategy will hold it in good stead. 'We have been focussed on flexible powertrains. Hence, for us, it's not a question of over investing in EVs and under investing in internal combustion engines. What is most difficult is forecasting the customer demand,' Hoornik told ET. Separately, Rajan Amba, managing director, JLR India said the company will defer plans to launch more imported models till the India-UK FTA is fully implemented. JLR is also awaiting clarity on duty cuts and the number of cars that can be imported in a single year at lower duties. 'The FTA definitely queers the pitch for imported models, but it will slow down decision making till the agreement is executed,' said Amba, adding that there are no plans to localise more models. He also noted that since the Defender is imported from Europe, it will not stand to gain from the FTA. With a current order book of 4,000 vehicles, Amba expects JLR India's annual sales to rise to 15,000 to 18,000 vehicles over the next three years.(The reporter is in Gaydon, UK at the invitation of JLR.
Time of India
21-05-2025
- Automotive
- Time of India
India's FTA with UK will bring more focus on the market: JLR executive
Jaguar Land Rover anticipates a sales surge in India. The India-UK free trade agreement will facilitate imports. JLR aims to double its Indian sales within three years. The company plans to launch eight new models, including EVs. JLR will also increase its retail presence and marketing investments. The company awaits clarity on duty cuts before launching more imported models. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gaydon, UK: India's recent free trade agreement with the UK will help Jaguar Land Rover ( JLR ) offer imported models to Indian consumers, a senior company executive said. This would help the British luxury car maker meet its aim of doubling annual sales in India over the next three years, the executive at JLR India have been on an upswing in the recent past. The automaker clocked a 40% surge in retail sales at 6,183 cars in FY25—the highest in its 17-year operations in the country. Wholesale volumes rose 39% to 6,266 vehicles. The company overtook Audi to emerge as the third-largest luxury car maker in India after Mercedes-Benz and BMW."We are excited about the FTA. It will bring more focus on the market,' said Lennard Hoornik, chief commercial officer, JLR. 'We would want to invest in India more than ever before and double the number of retailers we have. We are making record marketing investments in India," he said, without currently levies 110% duty on all fully-built imported cars. Under the FTA, import duties on UK-built models will be reduced, in a staggered manner, over the next few years."Any reduction of trade obstruction" is very good, said Hoornik. With the exception of the Defender SUV—which is imported from Europe and will also be locally assembled in India at some point, all other models that the Tata Motors unit sells in India, are locally assembled, he is responsible for JLR's global sales—was speaking to a group of Indian journalists at the company's headquarters in the the next 12-18 months, JLR plans to launch eight models including new models and refreshes. This will include the Jaguar Type 00—the company's maiden EV offering under the "Reimagine Strategy" announced in 2021; the Range Rover electric SUV, and special edition models as well as refreshes of existing be sure, JLR is placing huge bets on EVs at a time when carmakers globally are curtailing their EV plans amid slower-than-expected transition to such eco-friendly vehicles. Hoornik however noted that JLR's flexible powertrain strategy will hold it in good stead."We have been focussed on flexible powertrains. Hence, for us, it's not a question of over investing in EVs and under investing in internal combustion engines. What is most difficult is forecasting the customer demand," Hoornik told Rajan Amba, managing director, JLR India said the company will defer plans to launch more imported models till the India-UK FTA is fully is also awaiting clarity on duty cuts and the number of cars that can be imported in a single year at lower duties."The FTA definitely queers the pitch for imported models, but it will slow down decision making till the agreement is executed," said Amba, adding that there are no plans to localise more models. He also noted that since the Defender is imported from Europe, it will not stand to gain from the a current order book of 4,000 vehicles, Amba expects JLR India's annual sales to rise to 15,000 to 18,000 vehicles over the next three years.(The reporter is in Gaydon, UK at the invitation of JLR)
Time of India
21-05-2025
- Automotive
- Time of India
JLR aims to double biz in India over next 3-4 years
HighlightsJaguar Land Rover India achieved a record retail sales of 6,183 units in fiscal year 2025, marking a 40 percent increase from fiscal year 2024. The company aims to double its business in India within the next 3-4 years, driven by expanding its product portfolio and increasing its sales network to around 50 outlets by 2030. Rajan Amba, Managing Director of Jaguar Land Rover India, forecasts significant growth in the luxury car market in India, predicting that annual luxury car sales could double due to increasing wealth and entrepreneurship. Bullish on growth prospects, Jaguar Land Rover aims to double its business in India over the next 3-4 years amid plans to bolster its product portfolio and sales network, according to a top company executive. With the Indian luxury car market expected to grow consistently over the next few years, Jaguar Land Rover ( JLR ) India anticipates breaking into the top ten markets of its parent. In an interaction with PTI here, JLR India Managing Director Rajan Amba stated that demand and appreciation for bespoke or differentiated car models remain very high in India promoting it to offer such products in the country. He noted that JLR India has witnessed better growth rate than the rest of the domestic luxury car industry over the last few years and it retains momentum for sustainable growth going ahead. "So clearly, there's a vacuum or a demand that we are kind of meeting and fulfilling and we have not even hit our peak running speed," Amba stated. The automaker has a natural demand potential for excess of 8,000 units per year having already crossed the 6,000 annual sales mark in FY25, he said. "And therefore, we expect that in the next 3-4 years, we should be able to double our business in the country both in terms of volumes and revenue," Amba said. Jaguar Land Rover India reported its best-ever performance in a fiscal with retail sales of 6,183 units in FY25, a growth of 40 per cent over FY24. Similarly, dispatches to dealers rose 39 per cent year-on-year to 6,266 units last fiscal. Amba noted that the company would expand its product range as well as sales network to grow its business in the country. "We plan to double our sales network to around 50 outlets by 2030," he stated while sharing that new dealerships would come up in places like Rajkot, Goa and Nagpur. The JLR sales network is currently spread across 21 cities in India, through 25 authorised outlets. Amba said the automaker plans to invest more and more towards 'halo' models to make the brand more aspirational. The British marquee brand also aims to introduce brand extensions of existing nameplates and encourage customers to go for more personalised touches on their units. Amba said the future product action would focus both on battery electric vehicles and internal combustion engine models in the Indian market. The company plans to drive in various models, including Range Rover BEV, in the country. JLR India currently sells Range Rover, Range Rover Sport, Range Rover Velar, Range Rover Evoque, Defender, Discovery and Discovery Sport in the country. Earlier this year, Range Rover announced the local manufacturing of Range Rover and Range Rover Sport, which has received an unprecedented response. When asked about the growth prospects of the luxury car market in the country which currently remains miniscule in terms of the over 40 lakh per annum passenger vehicle segment, Amba said that the segment is expected to grow over the next few years. "Certainly from a 4-5 year horizon perspective, we certainly believe that this 50,000 odd number (annual luxury car sales) is likely to double because of the sheer amount of wealth that is being created in India, with the entrepreneurship that is happening, and with more and more Make in India and localisation," Amba said. "JLR India has been the beneficiary of the growth for the last two years, and we hope and expect that we'll continue to be the beneficiary of that," he added. JLR FY25 revenue remained flat at 29 billion pounds. Its fourth-quarter revenue stood at 7.7 billion pounds, a dip of 1.7 per cent year on year. The company said that in April 2025, it implemented a series of short-term actions to address the immediate impact of trade tariffs introduced by the US Administration on the global automotive sector. JLR has lined up an investment spend of 18 billion pounds over a five-year period which would be funded by operational cash flows. The automaker aims to develop individual growth strategies for its four brands: Jaguar, Range Rover, Discovery, and Defender, each catering to a specific audience and retail landscape.
Entrepreneur
21-05-2025
- Automotive
- Entrepreneur
Jaguar Land Rover Bets Big on India, Confirms No U.S. Manufacturing Plans Despite Tariff
The momentum, according to JLR India managing director, Rajan Amba, is not an anomaly but part of a deliberate push to entrench the brand deeper in the Indian market You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Jaguar Land Rover (JLR) is setting its sights firmly on India as it doubles down on electric mobility and expands its footprint in one of the world's fastest-growing luxury car markets. Even as the company confirms it will not manufacture vehicles in the United States, citing the continued impact of tariffs, India has emerged as a key growth frontier, bolstered by a Free Trade Agreement (FTA) that favors electric vehicles. JLR India has reported its strongest fiscal year to date, retailing 6,183 units in FY25, a 40 per cent jump over the previous year. Dealer dispatches saw a near-identical 39 per cent rise, touching 6,266 units. The momentum, according to JLR India managing director, Rajan Amba, is not an anomaly but part of a deliberate push to entrench the brand deeper in the Indian market. Amba told PTI that with demand and appreciation for bespoke or differentiated car models remaining very high in India, the company sees a clear path to sustained growth. The company currently sells over 8,000 units annually and anticipates doubling both volume and revenue within the next three to four years. India's luxury car market—still a sliver of the country's 4-million-unit passenger vehicle segment—is poised for expansion. "Certainly from a 4-5 year horizon perspective, we believe this 50,000-odd number (annual luxury car sales) is likely to double because of the sheer amount of wealth that is being created in India," said Amba. He pointed to rising entrepreneurship, localization, and government initiatives like Make in India as catalysts for the segment's expected surge. As part of its broader transformation strategy, Jaguar is moving fully to electric vehicles. JLR's future in India will balance battery electric vehicles (BEVs) with internal combustion engine models. The Range Rover BEV is among several new offerings lined up for the Indian market. "We plan to double our sales network to around 50 outlets by 2030," Amba said. The company plans to expand into cities like Rajkot, Goa, and Nagpur, adding that the network currently spans 21 cities through 25 authorized dealerships. Earlier this year, the company began local manufacturing of the Range Rover and Range Rover Sport—models that have already seen overwhelming demand. With strong performance and ambitious plans, JLR is gearing up to make India one of the top ten global markets for its parent company in the years ahead.
Time of India
21-05-2025
- Automotive
- Time of India
JLR aims to double biz in India over next 3-4 years
Bullish on growth prospects, Jaguar Land Rover aims to double its business in India over the next 3-4 years amid plans to bolster its product portfolio and sales network, according to a top company executive. With the Indian luxury car market expected to grow consistently over the next few years, Jaguar Land Rover (JLR) India anticipates breaking into the top ten markets of its parent. In an interaction with PTI here, JLR India Managing Director Rajan Amba stated that demand and appreciation for bespoke or differentiated car models remain very high in India promoting it to offer such products in the country. He noted that JLR India has witnessed better growth rate than the rest of the domestic luxury car industry over the last few years and it retains momentum for sustainable growth going ahead. "So clearly, there's a vacuum or a demand that we are kind of meeting and fulfilling and we have not even hit our peak running speed," Amba stated. The automaker has a natural demand potential for excess of 8,000 units per year having already crossed the 6,000 annual sales mark in FY25, he said. "And therefore, we expect that in the next 3-4 years, we should be able to double our business in the country both in terms of volumes and revenue," Amba said. Jaguar Land Rover India reported its best-ever performance in a fiscal with retail sales of 6,183 units in FY25, a growth of 40 per cent over FY24. Similarly, dispatches to dealers rose 39 per cent year-on-year to 6,266 units last fiscal. Amba noted that the company would expand its product range as well as sales network to grow its business in the country. "We plan to double our sales network to around 50 outlets by 2030," he stated while sharing that new dealerships would come up in places like Rajkot, Goa and Nagpur. The JLR sales network is currently spread across 21 cities in India, through 25 authorised outlets. Amba said the automaker plans to invest more and more towards 'halo' models to make the brand more aspirational. The British marquee brand also aims to introduce brand extensions of existing nameplates and encourage customers to go for more personalised touches on their units. Amba said the future product action would focus both on battery electric vehicles and internal combustion engine models in the Indian market. The company plans to drive in various models, including Range Rover BEV, in the country. JLR India currently sells Range Rover, Range Rover Sport, Range Rover Velar, Range Rover Evoque, Defender, Discovery and Discovery Sport in the country. Earlier this year, Range Rover announced the local manufacturing of Range Rover and Range Rover Sport, which has received an unprecedented response. When asked about the growth prospects of the luxury car market in the country which currently remains miniscule in terms of the over 40 lakh per annum passenger vehicle segment, Amba said that the segment is expected to grow over the next few years. "Certainly from a 4-5 year horizon perspective, we certainly believe that this 50,000 odd number (annual luxury car sales) is likely to double because of the sheer amount of wealth that is being created in India, with the entrepreneurship that is happening, and with more and more Make in India and localisation," Amba said. "JLR India has been the beneficiary of the growth for the last two years, and we hope and expect that we'll continue to be the beneficiary of that," he added. JLR FY25 revenue remained flat at 29 billion pounds. Its fourth-quarter revenue stood at 7.7 billion pounds, a dip of 1.7 per cent year on year. The company said that in April 2025, it implemented a series of short-term actions to address the immediate impact of trade tariffs introduced by the US Administration on the global automotive sector. JLR has lined up an investment spend of 18 billion pounds over a five-year period which would be funded by operational cash flows. The automaker aims to develop individual growth strategies for its four brands: Jaguar, Range Rover, Discovery, and Defender, each catering to a specific audience and retail landscape.
