Jaguar Land Rover reports best ever quarterly sales

Jaguar Land Rover has reported its results for the three-month period to 31st December, 2015. Tata-owned carmaker retailed 1,37,653 vehicles during the period, up 23 percent as compared to previous year’s third quarter.

Jaguar sales jumped 30 percent to 23,841 units, while retail of the Land Rover increased 22 percent to 1,13,812 units, marking the strongest quarterly sales performance in the company’s history. 

Sales in the top three regions were almost 50 percent above the same quarter a year ago. A good 48 percent growth was witnessed in Europe and North America and marginally lesser in the United Kingdom. China, on the other hand, was down 10 percent, while other overseas markets posted a decent 6 percent overall growth. 

Carmaker’s total revenues were £5.8 billion, 2 percent down on the same period of Fiscal 2014/15.

Dr Ralf Speth, Jaguar Land Rover Chief Executive Officer, said:  "We have reported solid revenues and profits in our latest financial quarter, reflecting very positive customer demand for our new and refreshed line-up of vehicles.   With announcements of our plans to build a plant in Slovakia and double capacity at our UK Engine Manufacturing Centre, we have continued to invest for the long term.  Jaguar Land Rover remains well positioned to deliver sustained profitability as we maintain our consistent strategy to shape the future of the company.”  

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