JLR sales up by 22 percent

Jaguar and Land Rover sales jumped 21.9 percent between March and December last year, according to owner Tata Motors. The British carmaker sold 216,412 units with strong growth in China and Russia and saw its operating profit in the final quarter leap by 62.8 percent year-on-year.

In the period from September to December 2011, JLR sales shot up 36.7 percent to 86,322 units, much of which was accounted for by sales of the new Range Rover Evoque. The high showroom prices being achieved by the Evoque and other models were reflected in JLR’s huge jump in revenue by 40 percent in the same quarter. Around 32,000 Evoques were delivered to dealers in 2011. JLR’s operating margins in the final four months of 2011 were up a significant 20.1 percent with operating profits up 62.8 percent.

Meanwhile, parent company Tata Motors saw its own revenues jump 18.2 percent between April and December 2011. Tata Motors sold 640,334 passenger and commercial vehicles between April and December 2011 up 8.2 percent.