Jaguar Land Rover to Launch 10 New Models


Mumbai: Jaguar Land Rover, nearly 80 per cent revenue contributor to Tata Motors, is set to launch 10 new products in India. The launches are expected in the current year, and will duly boost sales growth. The stock of Tata Motors is trading up, at nearly 473 levels, gaining one per cent from previous close.

The company is set to launch Jaguar XE Sedan in April 2017. Land Rover Discovery and Velar are expected to hit the roads by the end of the year.
The company is aiming at double digit growth in the coming fiscal after being recognised as one of the only two luxury brands posting robust gains despite challenges post demonetisation. The stated recovery was seen in March 2017 quarter. Jaguar Land Rover posted 16 per cent growth in FY17 with 6,04,009 units.