Riding On China Growth, Jaguar Land Rover Could Reach One Million Annual Sales By 2020

While China constituted only 8% of Jaguar Land Rover?s net volumes in fiscal year 2010 ended March, the country is now the single largest market for the luxury vehicle brand, forming 24% of the net unit sales last fiscal. China has been a strong sales market due to low current luxury ownership rates, rising proportion of affluent individuals, and their strong affinity for premium brands. The country is expected to become the largest premium automotive market in the next couple of years, and sell...