JLR announces third quarter sales surge

Posted on 10 Feb 2014 by The Manufacturer

British automotive Jaguar Land Rover has reported sales increased by 27% year on year for its third quarter, selling 112,172 vehicles during that period.

The car maker’s parent group Tata Motors released the results today, which showed pre-tax profits increased to £842m for the quarter.

It cited strong levels of demand for the Jaguar XJ, XF, Range Rover and Range Rover Sport models alongside a richer product mix as the reasons for revenues totalling £5.3bn, a rise of 40.1%.

JLR chief executive officer Dr. Ralf Speth said: “Our financial performance for this and the preceding quarters is a testament to the quality of Jaguar Land Rover’s award winning product offerings which continue to meet the exacting standards demanded by our customers around the world.”

Over the nine months of its financial year so far, JLR revenues are up 30.8 per cent to £14 billion while pre-tax profits have risen by 65 per cent to £1.93 billion.

The company now looks set to better last year’s record breaking period, which saw it record both record sales in the UK and record its strongest ever global retail figures.