Tata Motors-owned luxury automaker Jaguar Land Rover recorded its second successive quarter-on-quarter recovery with retail sales increasing 13% to 128,469 vehicles. Although the sales declined 23% compared to last year, sales in China remained strong. But the most important part about the quarter was that over 50% of its retail sales came from electric vehicles (EV), which consists of Land Rover Discovery Sport and the Range Rover Evoque.
This brings the company’s total share of electric vehicles in its 2020 sales to 43.3%, and the management is upbeat on its future outlook. The automaker said that EVs’ contribution is poised for more development growth in 2021 and beyond.
This comes after a 21% increase in domestic sales in December for Tata Motors. Investors are cheering the improving sales, recovery in sentiment, and the company’s optimistic outlook.
