Rapidly growing luxury car market

Demand for luxury cars is increasing in China and future markets. Jaguar Land Rover owner Tata Motors Ltd. reported a 18% increase in fourth-quarter profits.

A Mumbai-based automaker reported that its net revenue increased from Rs 22.3 billion to Rs 26.3 billion annually. That’s $ 581 million.

Bloomberg put together an estimate of 19 analysts, with an average profit of Rs 26.9 billion.

With the surge in demand for luxury cars worldwide, Jaguar Land Rover’s waiting list is needed. To meet the needs of automobiles in the United States and China, Volkswagen AG’s Audi division is hiring additional workers to expand production.

Tata Motors said in January that Jaguar sales in China increased by about 50% last year and Land Rover’s car sales more than doubled. Tata Motors has sold more than 26,000 vehicles in China, the third largest market. On its website, the company announced plans to have more than 100 Chinese dealers by the end of this year.

Global business

Walter Rossini, who lives in an Indian equity fund at Aletti Gestielle SGR SpA in Milan for $ 355 million, or more than € 250 million, says Tata Motors’ main focus is on international business. He said the company is doing very well not only in the US and Europe, but also in future markets such as China. He also said that the dramatic rise in funding costs could slow down some of the demand for trucks to India.

UK investment

In June 2008, Tata invested $ 2.4 billion in Ford Motor Company to acquire Jaguar and Brand Land Rover. Tata plans to invest £ 5 billion in the UK over the next few years, said CEO Carl Peter Forster.

Tata will start an assembly facility for the production of Land Rover vehicles in Pune, India.

Dealers at Diesel & Motor Engineering, Plc and Sri Lankan Tata Motors began selling Nano cars on May 28th. The price of this car starts at $ 8,414, or 925,000 Sri Lankan rupees.

Last month, 10,012 Nanos were purchased from an automaker and recorded the highest sales since the opening of 250,000 factories. In April, automakers exported 498 Nanos.

Nano sales fell to 509 in November, hitting a record low as three cars ignited and customers struggled to get a loan. Sales recovered as the company began offering easier financing and longer guarantees.