Jaguar Land Rover Q2 sales up 21%

VEHICLE manufacturer Jaguar Land Rover has seen a 21% growth in sales during its second quarter, with demand strong across its entire range.
 
The Indian-owned company sold 102,644 vehicles during the three-month period; a quarter which saw the company capitalises on the launches of the two-seater Jaguar F-Type and the new Range Rover Sport. Tata Motors said the model flagship, the all-new Range Rover had also continued to perform strongly.
 
Strong global sales volumes resulted in revenues of £4.6bn for the second quarter, up 40% on the same period last year. Pre-tax profit increased to £668m for the quarter supported by strong sales.
 
For the first half of the 2013/2014 fiscal year the company reported retail sales of 197,363, up 16% year on year. Revenues were £8.7bn, up 26% year on year and pre-tax profit was £1bn, up 42% year on year.
 
Commenting on the results, chief executive Dr Ralf Speth said: “Our unrelenting focus on design, technology, innovation and quality has seen Jaguar Land Rover reach global consumers in more markets than ever before thanks to its most engaging product line-up. Our customers are at the heart of everything we do and we remain committed to exceeding expectations and delivering outstanding customer experience in all areas of our business.”