Tata Motors -Aug'12 JLR sales up 13% y/y, down 8% m/m; older Range Rover is phased out ::JPMorgan,

JLR sales at 24,060 units were up 13% y/y, but down 8% m/m) – while
Land Rover sales increased by 18% y/y, Jaguar sales declined by 13% y/y.
 Land Rover (LR) sales of 21,100 units (+18% y/y, -8% m/m): LR
sales were affected by the phasing out of the Range Rover, as the OEM
is launching the new model in October. Management reiterated that the
demand environment is holding up and sales should pick up in 2H.
 While Jaguar sales of 2,960 units declined 13% y/y (-2% YTD), the
OEM will be launching new variants across markets, over 2H FY13, to
stimulate growth.
 Retail sales in the US rose 31% y/y to 4,756 units, according to
Bloomberg data.
 JLR is rolling out the fourth-generation Range Rover, based on the
premium lightweight architecture (PLA) platform, which has an allaluminum
body structure. The new model will be launched in October
2012, followed by the Range Rover Sport in 2013. Range Rover vehicles
accounted for ~35% of LR’s sales in FY12 (unit sales of ~87,000).

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