Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman- Jaguar Land Rover MENA sees 36 sales growth in 2013-14 fiscal year  Join our daily free Newsletter

MENAFN - Muscat Daily - 07/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Jaguar Land Rover, the leading manufacturer of premium luxury vehicles, has once again seen strong growth in the MENA region, posting a 36 per cent YOY sales increase for the fiscal year April 2013 to March 2014.

The results are a continuation of the manufacturer's year on year record breaking sales performance, with growth exceeding that of the overall premium passenger and SUV segments in the region. Bruce Robertson, managing director for Jaguar Land Rover MENA, said, ''In a fiscal year when we introduced our strongest and most comprehensive line-up to date, whilst being awarded the most accolades in the company's history, our performance in MENA is a phenomenal achievement, and one which firmly places us in the top five markets for Jaguar Land Rover globally.''

He said, ''I am particularly proud that we have outperformed our competitors by delivering growth that surpasses the overall premium passenger car and SUV segments. It is a testament to our stunning portfolio of products, unrelenting focus on design and technology, and dedication to exceptional customer service.''

Led by the continued popularity of the flagship Jaguar XJ, the luxury brand delivered record sales, up 21 per cent, April 2013 to March 2014 versus the previous fiscal. In addition, Jaguar saw the highest ever monthly sales recorded in March 2014, up 40 per cent versus March 2013, a significant achievement for the British marque in MENA.

The successful introduction of the award winning Jaguar F-TYPE convertible also contributed to Jaguar's MENA performance, with order banks for the hotly anticipated F-TYPE Coupe, the most dynamically capable, performance- focused, production Jaguar ever, already exceeding expectations ahead of its impending arrival in regional showrooms.

Likewise, Land Rover proved that the region's appetite for its luxury SUVs shows no sign of abating, with a 39 per cent increase in sales, making MENA the third fastest growing market and the fifth largest market for the brand globally. Introduced in 2013, sales of the Range Rover Sport were up by 40 per cent, making a significant contribution to the brand's strong fiscal performance. Sales of the flagship Range Rover also grew by an impressive 119 per cent, with demand continuing to outstrip supply due to the overwhelming popularity of the vehicle which has led to longer waiting lists for new vehicle orders.

Notably, Land Rover MENA saw growth across all nameplates including the Range Rover Evoque, as well as the Land Rover Discovery/LR4 and Freelander/LR2, resulting in an overall increase in market share across the region, with sales records achieved across the GCC and North Africa including KSA, Kuwait, Qatar, the UAE and Morocco. The results mean Land Rover now significantly outsells all European, premium SUV manufacturers in the region<


 


Muscat Daily




  MENA News Headlines
 Jul 26 2016 - A mouth full of crickets? Lobbyists speak up for edible insectsThe Peninsula
(MENAFN - The Peninsula) By Bradley Saacks At the Oyamel Cocina Mexicana in Washington, metal butterfly mobiles hang from the ceiling and bugs are on the menu. The chapulines tacos are jammed ...

 Jul 26 2016 - Damac's AIPO villas totally sold outMENAFN
(MENAFN) Damac Properties announced that villas in its Akoya Imagine Phase One Dubai, has been sold out, and said that the launch of the second phase is to set to start by the end of July.In detail, ...

 Jul 26 2016 - Sales of European cars in Egypt is led by Opel AstraMENAFN
(MENAFN) A report by Daily News Egypt has stated that, Opel Astra has kept its position leading sales of European cars in Egypt in Q1, registering sales of 1,776 units worth USD 49.5m.Additionally, ...

 Jul 26 2016 - TDIC picks Jawaher Saadiyat for Al Jaber building projectMENAFN
(MENAFN) Abu Dhabi-based Tourism Development & Investment Company (TDIC) has chosen Jawaher Saadiyat, a residential community, to construct Al Jaber Building.TDIC, the master developer of major ...

 Jul 26 2016 - Empower supports green economy strategy in UAEMENAFN
(MENAFN) Emirates Central Cooling Systems firm (Empower), the world's largest district cooling services provider, will back the State of Green Economy Report 2017 for Dubai Carbon as its platinum ...

 Jul 26 2016 - Epico reveals new office in Abu DhabiMENAFN
(MENAFN) Emirates Property Investment Company (Epico), the property and facilities management arm of Al Fahim Group, has launched its new office in Abu Dhabi.In detail, the office is located in the ...

 Jul 26 2016 - Wasl group completes artistic projectMENAFN
(MENAFN) Wasl properties, a subsidiary of wasl Asset Management Group, has finished work of a large art project, which will turn the facades of Karama Shopping Complex in Dubaiinto an open street art ...

 Jul 26 2016 - Saudi Al-Khodari faces net loss in Q2MENAFN
(MENAFN) Saudi construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it swung to a net loss in the second quarter due to a decrease in earnings.In detail, the company suffered a net loss ...

 Jul 26 2016 - Enhancing radiation safety, IAEA signs two practical arrangements with Russian regulatory authoritiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) VIENNA, 26th July, 2016 (WAM) --The IAEA is to cooperate with Russian authorities in the enhancement of the country's national radiation safety standards ...

 Jul 26 2016 - 43 establishments closed by ADDED in Abu Dhabi and Al AinEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th July, 2016 (WAM) -- Abu Dhabi Department of Economic Development, ADDED, has closed 43 commercial establishments in Abu Dhabi and Al Ain in ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help