UK: JLR drives profits at Indian parent

Strong sales and an increased first quarter profit at Jaguar Land Rover have once again boosted the figures of Indian owner Tata Motors.

JLR reported that sales for the first quarter of the 2014/2015 fiscal year increased 22% year on year to 115,596 vehicles, reflecting solid global demand for the new and refreshed Jaguar and Land Rover line up – particularly for the Range Rover, Range Rover Sport, Range Rover Evoque and the Jaguar F-Type.

The strong sales volumes resulted in revenues of GBP5.35bn (US$8.97bn) for the quarter while profit before tax increased to GBP924m (US$1.5bn) for the quarter, reflecting the growth in volumes and revenue with strong product and geographic mix.
Tata, India’s largest commercial vehicle maker comfortably beat first quarter profit estimates, trebling over the same period last year to US$882m.

Tata sales of commercial and passenger vehicles fell 28.3% year on year. 

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