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3 months ago
Jaguar Land Rover's vehicle sales rise 16 pct to record high
May 23, 2017 / 12:27 PM / 3 months ago

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

May 23 (Reuters) - Jaguar Land Rover Automotive Plc, Britain's largest automaker, on Tuesday reported a 16 percent 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 pounds, up 3 percent, on revenue up 9 percent to 24.3 billion pounds.

In the 2017-18 financial year, the company plans to invest more than 4 billion pounds on expanding its product portfolio and its manufacturing capacity and on research and development. (Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely)

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