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China's growing demand pushes up carmaker Jaguar Land Rover's second quarter sales

Beijing, Mon, 14 Nov 2011 ANI

Beijing, Nov 14(ANI): China's growing demand for cars has pushed up manufacturer, Jaguar Land Rover's (JLR) second-quarter sales.

 

JLR's second quarter turnover increased by over 30 percent to three billion pounds, after recording a 66 percent increase in Chinese sales.

 

This was crucial in pushing up the firm's profits by 16 million pounds to 280 million pounds, as compared to the same period in 2010.

 

Indian conglomerate Tata- owned JLR has offered a ray of hope to revive the UK economy following its announcement to hire 1000 workers at Solihull plant in the West Midlands.

 

Jaguar sales increased by 157 per cent, while Land Rover posted a 85 per cent increase in sales to China in September, Express.co.uk reports.hina is the company's third biggest car market after UK and North America. (ANI)

 


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