Jaguar Land Rover sales surges 30 percent in Q3 2011

Thursday 17 November 2011, 12:21 PM by Vikas Yogi

Jaguar Land Rover, the British subsidiary of the leading Indian auto maker, has registered a major surge in its sales in the third quarter of this year. In the period of July to September, the company has registered a surge of 30 percent in its sales, as per a statement issued by the company. In the quarter ended on September 30, the total revenue of the firm has surged to 2.9 billion pounds. Profits before taxes of the firm have surged 9 per cent to 287 million pounds during this quarter.

The latest models of the firm the Jaguar XF with a 2.2-litre diesel engine and Range Rover Evoque, have contributed substantially in the company’s sales in this quarter.

China remained the biggest contributor in the JLR’s sales with a jump of 87 during the quarter. While in Russia, company’s sales surged 6 percent, in its base market UK sales jumped 1 per cent (where Land Rover’s growth offset the dip in Jaguar’s sales.

Jaguar Land Rover was acquired by Tata Motors in year 2008 from Ford Motors, at a time when the firm was struggling with huge losses and slowing down sales. The acquisition costed Tata Motors a sum of 1.5 billion pounds. With the sales of JLR going strong, Tata Motors sales surged 27 per cent to 4.5 billion pounds.

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