JLR sales and profits rise

Jaguar Land Rover shows signs of growth after a surge in demand from China and launch of the popular Evoque

JLR sales and profits rise

Both Jaguar and Land Rover have shown significant growth in the past 12 months, with Jaguar sales up 5% over 2011, but Land Rover is the biggest winner, with total sales up 33% - fuelled by high sales of the new Evoque worldwide.

The company announced pre-tax profits of £1.5bn in 2011-2012, up from £1.12bn year-on-year, a record profit for the company.

JLR has been looking to expand its presence in China, recently announcing a partnership with local firm Chery. China looks set overtake the UK as the company’s biggest market, with figures showing a sales rise of 76% year-on-year to 50,994, not far behind the UK’s 60,022, a smaller but still respectable 3.2% rise.

During the first three months of the year, Land Rover has sold more than 60,217 Evoques, a substantial chunk of the 83,903 total Land Rover sales in the same period. Jaguar has stated that its rise in sales are mainly down to the launch of the 2.2-litre diesel XF in Europe, and the smaller-engined tax-friendly XJs in China.

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