Jaguar Land Rover (JLR) has achieved its highest ever yearly sales and its biggest profit in nearly a decade, as the British luxury carmaker shrugs off any signs that budget-squeezed consumers have been reining in spending, reported PA Media/dpa.
The company said it made £29 billion (US$36 billion) in revenues over the year to the end of March, more than a quarter higher than the previous year.
Around 133,000 vehicles had been ordered at the end of the financial year, three quarters of which were for Range Rover, Range Rover Sport and Defender models.
Adrian Mardell, the group’s chief executive, said: “We are entering the next exciting phase of our Reimagine strategy which will see us bring to life our modern luxury electric vehicles and deliver an accompanying modern luxury experience for our clients, ensuring we continue to vigorously address the challenges we have encountered in 2024.” –BERNAMA-PA MEDIA/dpa
