Tuesday, May 29, 2012

Jaguar Land Rover report record high sales, up 29.1%

Jaguar and Land Rover emblems

Jaguar Land Rover, the Indian-owned car manufacturer, has reported a 34% rise in profits after sales hit a record high.

In 2011-2012 the group made pre-tax profits of £1.5bn, up from £1.12bn the year before.

Sales were up 29.1% to 314,433 units, with Jaguar selling 54,039 units and Land Rover selling 260,394 units.

Its parent, Tata Motors, attributed the significant increase to strong demand from China and other emerging markets.

Sales of its new Range Rover Evoque, a compact 4x4, were particularly strong, the company said.



Source & Image : BBC

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