Jaguar Land Rover reported record annual profits of 1.2 billion euros

Article by Christian A., 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

Recommended

A racing team is claiming that it has managed to break the lap record in its category in the ever-demanding Nurburgring circuit in 2016 while driving a road-going Volvo S60...
by - May 27, 2017
Aside from the officially confirmed BMW 8 Series, the next generation BMW M5 (F90) is getting a lot of attention from the fans, enthusiasts and even potential customers around the...
by - May 27, 2017
Automobili Lamborghini’s preparations for the production of its first ever sports utility vehicle, the new Lamborghini Urus, has reached new grounds as the Italian carmaker is disclosing plans to construct...
by - May 26, 2017
The upscale version of the GMC Yukon body-on-frame sport utility vehicle – the GMC Yukon Denali – has been refreshed for the 2018 model year. It now sports a new...
by - May 26, 2017
The largest gathering of Volkswagen and Audi cars in Europe is underway, and the German premium carmaker is displaying the third model of its G-Tron range at the 2017 Worthersee...
by - May 26, 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