English brands Jaguar and Land Rover seem to be thriving under Indian ownership. The Tata owned company sold 130,090 units from January to June 2011, a 13.8% jump over the same period last year, attributed to improved products and strong growth in emerging markets such as China and Russia.
Reports mention that JLR’s new 2.2L diesel engine, as seen in the Jaguar XF saloon, has been good for the brands. Also, Land Rover’s stylish new Range Rover Evoque has found 7,700 new homes up till September, and is seeing high demand. The Evoque was launched in Malaysia earlier this month, priced from RM353,888 for the 2.2L Diesel 5-Door Prestige to RM393,888 for the 2.0L Petrol Coupe Dynamic Plus. Click here to read the launch story.
Along with the sales figures, JLR’s profits (before tax) for Q3 of the 2011-12 financial year were up by almost 9% to £287million, while revenues were up 30% to £2.9billion, compared to Q3 2010.
Earlier, JLR said that it has successfully created more than 1,000 new jobs at its Solihull manufacturing plant. This 25% growth in workforce is to cater for a new model blitz of “40 significant product actions over the next five years.” And judging by recent form, there should be more than a few winners in there.