Jaguar Land Rover, the British automaker owned by Indian company Tata Motors, on Monday announced that revenues hit £2.9bn in the three months to September 30.
Jaguar Land Rover’s second quarter turnover increased by over 30 percent to three billion pounds, after recording a 66 percent increase in Chinese sales.
It benefited from strong demand for the recently launched Range Rover Evoque and a version of the Jaguar XF with a 2.2 litre diesel engine. Pre-tax profits rose 9% to £287 million.
The financial results follow the news that JLR has created more than 1000 new jobs at its manufacturing plant in Solihull.
However, the segment margin of this division weakened in the second quarter of FY12 on a YoY basis, given cost pressures and unfavourable exchange rates.
Jaguar sales increased by 157 per cent, while Land Rover posted an 85 per cent increase in sales to China in September, Express.co.uk reports.hina is the company’s third biggest car market after UK and North America. (ANI)
The Jaguar Land Rover has recently opened three to four dealerships and the company plans to open three more dealerships to take the total count to 14 dealers in India.