Jaguar Land Rover reported record annual profits of 1.2 billion euros

Article by Christian Andrei, on May 26, 2011

Parent Tata Motors Ltd. is pleased to report that Jaguar Land Rover was able to reap record annual profits of 1.04 billion pounds (1.2 billion euros). JLR’s sales were propelled by the strong growth in the Chinese market.

For the financial year that ended on March 31, JLR posted revenues of 9.9 billion pounds. Meanwhile, sales of the latest financial year increased to 243,621 units, from the previous financial year’s sales of 193,982 units.

JLR’s sales surged over the demand in China as well as in India, where deliveries have accelerated. In early 2011, JLR predicted that it will sell 40,000 units in China for the 2011-2012 financial year, from only 26,000 units in the 2010-2011 year.

JLR asserted that most of the sales will be accounted for by Land Rovers. Media reports say that JLR is planning to construct a new 750 million pound engine plant in the UK, leading to the creation of 1,000 jobs.

JLR said that over the next five years, it plans to invest 1.5 billion pounds on a product offensive wherein it will launch 40 new vehicles, engines and transmissions.

JLR also intends to invest more in aluminum construction, refine its powertrains and greatly expand into hybrid models. Recently, Tata’s investments have led to the development of new models like the Range Rover Evoque and the Jaguar XJ.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries