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Jaguar Land Rover's vehicle sales rise 16% to record high

Tuesday, May 23, 2017 - 20:59

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Jaguar Land Rover Automotive Plc, Britain's largest automaker, on Tuesday reported a 16 per cent rise in sales to a record 604,009 vehicles boosted by demand in China and North America.

[BENGALURU] Jaguar Land Rover Automotive Plc, Britain's largest automaker, on Tuesday reported a 16 per cent rise in sales to a record 604,009 vehicles boosted by demand in China and North America.

The company reported a full-year pre-tax profit of £1.6 billion, up three per cent, on revenue up 9 per cent to £24.3 billion.

In the 2017-18 financial year, the company plans to invest more than £4 billion on expanding its product portfolio and its manufacturing capacity and on research and development.

REUTERS

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