A surge in Jaguar Land Rover (JLR) sales helped to boost profits at parent Tata Motors in the financial year ended March 31.
JLR sales were boosted by the launch of the Range Rover Evoque and rising sales in China.
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Tata Motors’ reported net income was up by 46% to Rs.135.2bn (US$2.4bn) in the 2011-12 fiscal year and more than doubled to a record Rs.62.3bn (US$1.1bn) in the three months ended March 31.
JLR pre-tax profit in the year 2011-12 was put at GBP1,507m, up from GBP1,115m in the previous year.
JLR sales for FY 2011-12, stood at 314,433 units, the highest ever, representing a growth of 29.1% as compared to the corresponding period last year supported by new product actions and strong demand in China and other developing markets, JLR said. The Jaguar volumes for the period stood at 54,039 units and Land Rover volumes stood at 260,394 units.
JLR sales for the quarter ended March 31, 2012, grew 48.2% to 98,021 units. Of this, the Jaguar volumes for the period stood at 14,118 units and Land Rover volumes stood at 83,903 units.
Jaguar Land Rover sales for FY 2011-12, stood at 314,433 units, the highest ever, representing a growth of 29.1% as compared to the corresponding period last year supported by new product actions and strong demand in China and other developing markets. The Jaguar volumes for the period stood at 54,039 units and Land Rover volumes stood at 260,394 units.
