JLR sales up 22 per cent

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1 min read

14 February 2012

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.

Hilton Holloway

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Maxycat 15 February 2012

Re: JLR sales up 22 per cent

Los Angeles wrote:
Unless I am mistaken only a handful of modest car companies such as Morgan and Ariel are wholly British owned, paying taxes in the UK. We toil under international policies designed to create wealth for a small percentage who can move that wealth anywhere in the world at the click of a computer mouse, the rest of us servers or unemployed.

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.

Grunt 15 February 2012

Los Angeles wrote:
are wholly British owned, paying taxes in the UK.

But JRL cars are designed and engineered in the UK, built in the UK by UK staff, the company has its HQ in the UK and it pays taxes in the UK (a whole lot more taxes than Morgan and Ariel, I assure you). That the group is ultimately owned by an Indian company does not matter. As a non-Brit I have always been amazed that the UK has not retained much of its car industry, contrary to the other big European countries - Germany, Italy, France... You have to thank your governments in the 70s and particularly 80s for that. JLR is basically what you've got left, and I am indeed surprised at the eagerness with which Brits will bash down anything British - especially if it risks to be very good.

TegTypeR 15 February 2012

peterover wrote:
That comment made me so mad I registered so I could answer. For a couple of decades now the British public and press have worshiped the German brands as if they are gods.. Any BMW, Audi, VW is covered in depth and extensively by the British motoring press and often with a positive bias. For once we have a car industry in the uk that is competitive, with cars that are desirable. And we still don't support it and often have unreasonable bias against british brands. I am glad to see the evoke doing well, the factory employs 1000s a few miles down the road in halewood.. The peeps there pay taxes, buy insurance and spend their wages that supports further employment..maybe even yours! Rant over

Here, here!

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JLR sales up 22 per cent