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July 13, 2015

INDIA/UK: Tata Motors’ JLR books pretax rise

Jaguar Land Rover wholesale and retail sales for the fiscal year were 470,523 units and 462,209 units respectively worldwide (129,205 units and 124,307 units for the fourth quarter).

Jaguar Land Rover wholesale and retail sales for the fiscal year were 470,523 units and 462,209 units respectively worldwide (129,205 units and 124,307 units for the fourth quarter). 

Revenues at the Tata Motors luxury car unit for the year ended 31 March, 2015 rose 12.8% to GBP21.9bn. EBITDA was up 21.8% to GBP4.1bn.

Pretax profit rose 4.5% to GBP2.6bn.

“Continued strong revenue and operating performance were driven by increased wholesale volume, solid product mix supported by the ongoing success of Range Rover Sport, Range Rover and Jaguar F-Type and strong market mix with sales growth in the UK, US, China, Europe and Asia Pacific partially offset by unfavourable operational foreign exchange,” parent Tata Motors said in a statement.

“Jaguar Land Rover has delivered five years of solid financial results, enabling us to invest in our long term future,” said Jaguar Land Rover’s chief executive Ralf Speth.

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