Jaguar Land Rover has recently announced record-setting financial figures for the 2012 financial year, single-handedly boosting the outlook for parent company Tata Motors.
Jaguar Land Rover enjoyed increases to vehicle sales, revenue and profits, which reflect the success of the strategic decisions the company has initiated over the past few years. Sales increased by 22% with nearly 375,000 units sold compared to the same time last year. Revenue was up to approximately $24 billion and profits were up 11% to $2.54 billion. The impressive results are due in large part to the overwhelming success of the Range Rover Evoque, which has amassed a treasure chest of awards and has enjoyed sales that outpace demand.
Commenting on the company’s success, CEO Ralph Speth noted, “the positive results for the financial year demonstrates that we have strong demand for our great, solid product portfolio all around the world.” It would appear that Jaguar Land Rover is position for success for years to come.
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