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 - Qatar to grow 3.9 percent on resilient non-oil sectorMENAFN
(MENAFN) Public investment will continue to underpin Qatari economic growth, particularly in the non-hydrocarbon sector.On the other hand, economic activity is predicted to remain rather buoyant with ...

 Jul 26 2016 - Saudi Cement records USD66.35mn net profitMENAFN
(MENAFN) Saudi Cement recorded a 2 percent decline in second-quarter net profit, due to a drop in sales and increasing power costs.Additionally, the firm made a net profit in the three months to June ...

 Jul 26 2016 - Qatar's Aamal net profit grows by 23.5 percentMENAFN
(MENAFN) Aamal Co., one of GCC's fastest growing firms, posted a net profit of USD83.82mn for the first half of 2016, up 23.5 percent, compared to last year's USD67.87mn.Moreover, the firm's revenue ...

 Jul 26 2016 -  Indonesian volcano puts on spectacular blue light showMuscat Daily
(MENAFN - Muscat Daily) Brilliant blue flames light up the night sky above Kawah Ijen, casting an eerie electric glow as they flow down the sides of the active volcano in remote Indonesia.

 Jul 26 2016 - Laser Myths bustedMuscat Daily
(MENAFN - Muscat Daily) Is it time to bid goodbye to those bimonthly visits to the parlour?

 Jul 26 2016 - Wildfire near Los Angeles threatens thousands of homesSaudi Press Agency
(MENAFN - Saudi Press Agency) Los Angeles, Shawwal 20, 1437, July 25, 2016, SPA -- More than 20,000 people have been forced to flee a wildfire north of Los Angeles that had scorched thousands of ...

 Jul 26 2016 - New York subway line to close for Hurricane Sandy repairsSaudi Press Agency
(MENAFN - Saudi Press Agency) New York, Shawwal 20, 1437, July 25, 2016, SPA -- A major New York City subway line will be closed for 18 months starting in January 2019 to repair damage caused nearly ...

more...


 





Google

Easy Forex

 
 

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