Jaguar Land Rover has reported a sales growth of almost 14 per cent over the first half of 2011 compared to the corresponding period last year.
JLR sales for January-June stood at 130,090 units, representing an increase of 13.8 per cent over January-June 2010. This was attributed to a better product and market mix allied with strong growth in China and Russia.
The new 2.2-litre diesel engine introduced in the Jaguar XF saloon was a major boost for the firm, as was the high demand for the much-vaunted Range Rover Evoque, which had racked up 7700 sales up until September of this year.
JLR’s profits before tax for the third quarter of the 2011-12 financial year were up almost nine per cent to £287million, while revenues were up 30 per cent to £2.9billion compared to the third quarter of 2010.
The financial results follow the news that JLR has created more than 1000 new jobs at its manufacturing plant in Solihull.
The 25 per cent boost in workforce is thanks to a multi billion pound investment in new models, which will deliver “40 significant product actions over the next five years”, according to JLR.
Add your comment