Profits for motor company Jaguar Land Rover (JLR) roared ahead in 2012-13, figures yesterday revealed.
Pre-tax profits for the Coventry-based firm – owned by India’s Tata – reached a record of almost £1.7 billion, up 11 per cent on 2011-12, while revenues rose 17 per cent to an all-time high of £15.8bn.
A UK sales increase of 20 per cent contributed to total 2012-13 world sales of nearly 375,000 vehicles – another record and 22 per cent up on 2011-12.
During the year the company introduced the all-new Range Rover, the Jaguar XF and XJ and the XF Sportbrake.
JLR chief executive Ralf Speth said: “The positive result for the financial year demonstrates that we have strong demand for our great, solid product portfolio all around the world.
“We invested significantly in the product creation process, in our advanced manufacturing sites and created more than 3,000 jobs.”