Jaguar and Land Rover sales jumped 21.9 per cent between March and December last year, according to owners Tata. The British car maker shifted 216,412 units with strong growth in China and Russia and saw its operating profit in the final quarter leap by 62.8 per cent year-on-year.
In the period from September to December 2011, JLR sales shot up 36.7 per cent to 86,322 units much of which was accounted for by sales of the new Range Rover Evoque.
The high showroom prices being achieved by the Evoque and other models were reflected in JLR’s huge jump in revenue, up 40.9 per cent from £2.66bn to £3.75bn in the same quarter. Some 32,000 Evoques were delivered to dealers in 2011.
JLR’s operating margins in the final four months of 2011 were up a significant 20.1 per cent with operating profits up 62.8 per cent from £462m to a huge £752m.
Parent company Tata Motors saw its own revenues jump 18.2 per cent between April and December 2011. Tata Motors sold 640,334 passenger and commercial vehicles between April and December 2011 up 8.2 per cent.
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Re: JLR sales up 22 per cent
I think you miss out the point that most of the benefit of manufacturing in a country is gained by that country through employment, employment taxes and the spending of the income from all those employees. Whether the company is "owned" by someone abroad or not makes little difference as most large companies shareholders are pension funds from around the world.
Re: JLR sales up 22 per cent
Re: JLR sales up 22 per cent
Here, here!