For the fiscal completed on March 31st 2013, British luxury carmaker Jaguar Land Rover, owned by Tata Motors, has registered an increase of 17 per cent in its revenues, which remained at £15.8 billion as compared to the revenue of £13.5 billion recorded during the last year.
The company said that its retail sales remained up by 2% to 374,636 vehicle units.
The company registered this growth in retail sales on account of noteworthy product actions that also consist of the all-new Range Rover, XF Sportbike and the Jaguar all-wheel drive XF.
The company has generated constructive chart from all its regions.
Overseas market remained up by 19 per cent, North America 9 per cent, China 48 per cent, UK 20 per cent, Asia Pacific 27 per cent and Europe stood at 18 per cent. Profits before tax (PBT) also increased by 11% to £1675 million in the fiscal year as compared to last year PBT, which stood at £1507 million.
Jaguar Land Rover chief executive officer Dr Ralf Speth commented that the results demonstrates their strong demand for the great solid product portfolio all over the world.
Jaguar Land Rover took the time of during this period to launch major new products comprising the AWD XF, All aluminum Range Rover and the Jaguar Sportbrake, AWD XJ and the stunning F-Type.
Dr. Speth said that the investment in the Jaguar Land Rover has been significantly put in the products creation process in their advanced manufacturing site by creating more than 3,000 jobs.
The commitment is expected to continue with a suitable sustained investment program, which will allow the company to spend in the region of £2.75 billion on new product, infrastructure and people in the year to March 2014.
While talking about the outcomes, Jaguar Land Rover Chief Executive Official, Dr. Ralf Speth stated, “The optimistic outcome for the fiscal shows that we have sturdy demand for our immense, concrete product collection all over the globe.
“During the period under review, Jaguar Land Rover uncovered renowned innovative products, the brand new all aluminum Range Rover and the Jaguar Sportbrake, the AWD XF and AWD XJ and the eye-catching F-TYPE.”
“Jaguar Land Rover has made noteworthy investments in the product making procedure, in our superior manufacturing sites and produced over 3,000 jobs. This promise is ready to carry on with a continued program of investment that will witness us spend in the region of £2.75 billion on novel product, community as well as infrastructure in the year to March 2014,” Dr Speth added up.