Jaguar Land Rover have returned to proft once again for Tata Motors. The companies earned a pre-tax profit of £32 million for the year ending 31 March 2010 as global economy recovers from the aftermath of the worst recession since the World War II.
Jaguar Land Rover sold a total of 193,982 vehicles last fiscal year compared with 167,348 in the 10 months ended March 2009, the company said in the statement.
JLR’s sales in UK were up 25% year on year and strong demand in the chinese market catapulted the demand further. Jaguar sales rose 38% while the Land Rover saw the sales rise by a whopping 55% year on year in China.
“With the positive market reception of the enhanced product range in an improved market environment as well as continued cost reduction efforts, the business was able to show sustained quarter on quarter improvement towards solid profitability in Q3 and Q4,” said the statement released by Tata Motors.
“Jaguar Land Rover retail sales improved favorably in the second half of the year, after addressing the effects of the global economic turndown and launching new model year products.”
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