Jaguar Land Rover announces strong sales ahead of important motor shows
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 £4,612m 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 £8,709m, up 26% year on year and pre-tax profit was £1,083m, up 42% year on year.
Commenting on the results, Jaguar Land Rover Chief Executive Officer, 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.”
The firm will be hoping to continue the strong sales at two key motor shows, starting later this week.
The Los Angeles Motor Show will see the debut of the F-Type coupe and the company is expecting the sports car to appeal broadly to buyers in California.
The Tokyo Motor Show is also a significant market for the business and one where it faces tough competition from both domestic and foreign brands.
