British car maker, Jaguar Land Rover Automotive reported its first quarter results for the fiscal year 2014-15. The company which witnessed highest ever half year sales in 2014 has reported first quarter sales growth of 22 percent, year on year, to 115,596 vehicles.
The company is confident about the new line up that it presented this year. The British SUV and luxury car manufacturer gives the entire credit of this solid global demand to the new and refreshed Jaguar and Land Rover line up, particularly to the Range Rover, Range Rover Sport, Range Rover Evoque and the Jaguar F-Type. This rise in 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.
Expressing his views on the results, Jaguar Land Rover Chief Executive Officer, Dr. 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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