Sunday, August 9, 2015

Jaguar Sees New Models, Europe Demand Helping Offset China Slump By Siddharth Vikram Philip

Jaguar Land Rover expects to meet its target for record annual sales with the introduction of new models and expansion in Europe, offsetting a slump in the Chinese car market. “Overall, we see strong demand in Europe and more particularly in the case of JLR because of product pipeline and models,” C. Ramakrishnan, group chief financial officer at parent Tata Motors Ltd., said at a press conference in the company’s home city of Mumbai on Friday. “With growth in other markets, we expect to meet our sales targets for the year.” Bloomberg Photo