JLR crosses 1 billion pound net profit

Jaguar Land Rover (JLR) saw healthy volumes during 2010-11, reporting 50 per cent higher net revenue of 9,906 million pound (6,555 million pound) and a net profit of 1,043 million pound (loss of 14.20 million pound).

Sales volumes were up at 243,621 units (193,982 units) on the back of improved market conditions, better market mix and strong growth in China.

Earlier this month, JLR successfully completed the issue of seven-year and ten-year bonds aggregating one billion pound and the net debt stands lower at 233 million pound against 600 million pound.

Tata Motors Managing Director Carl-Peter Forster said, the company was actively looking at its engine strategy for JLR.

“We have not taken a decision yet, and we have a long-standing relationship with Ford for sourcing them but if we are to make it on our own, we have not yet decided although India is on our short-list.''

This article is closed for comments.
Please Email the Editor

Printable version | Jan 17, 2021 2:51:17 AM |

Next Story