Jaguar Land Rover reports 22 pct increase in Q1
Retail in the quarter increased 22% year on year to 115,596 vehicles.
This reflects 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 company said in a statement.
The strong sales volumes resulted in revenues of £5,353 million for the quarter.
Profit before tax increased to £924 million for the quarter, reflecting the growth in volumes and revenue with strong product and geographic mix.
Commenting on the results, Jaguar Land Rover Chief Executive Officer, Ralf Speth said: "This financial performance reflects Jaguar Land Rover’s award-winning product portfolio. We are committed to inspire customers with exceptional premium vehicles, delivering the highest standards of quality, technology and customer service. We delight people with experiences that they will love, for life.”
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