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201110 Oct

jaguar land rover exports from india


Jaguar Land Rover, the U.K.-based unit of Tata Motors Ltd. (TTM), aims to more than double its vehicle sales in India this fiscal year as an increased number of wealthy individuals lift demand for luxury cars and sports utility vehicles(SUV).

A person with direct knowledge of the matter told Dow Jones Newswires recently that as against 891 units sold last year, Jaguar Land Rover plans to sell about 1,800 vehicles in the year through March.

"From April to August, the company has sold more than 650 vehicles. At this rate, the target of about 1,800 for this fiscal year should be easy to achieve," said the person, who did not wish to be named.

An increase in the number of wealthy individuals in India who don’t mind shelling out a few extra bucks to make a style statement with their set of wheels is encouraging companies such as Jaguar Land Rover, Daimler AG, BMW AG, Porsche AG and Audi AG to introduce more models.

Tata Motors had acquired Jaguar Land Rover from Ford Motor Co. in 2008 for $2.3 billion. Jaguar Land Rover now sells the XJ, XF and XK sedans in India. It also sells the Freelander, Discovery and Range Rover SUVs from the Land Rov

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