Jaguar volumes up 9% YoY, but Land Rover volumes decline 19% YoY. JLR’s wholesale volumes declined 8% YoY (+24% MoM) to 53k units (est. of 45k units; includes China JV volumes of 4.8k units) in Sep-18.
Tata Motors (TAMO) is India’s largest CV manufacturer with 45% market share in M&HCV segment. With the acquisition of Jaguar Land Rover (JLR) in 2008, TAMO now has presence in the global luxury car market.
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