Jaguar Land Rover to invest over £3 bn in next fiscal year

Thursday, May 14, 2015

Tata Motors owned luxury car brand Jaguar Land Rover has announced that it will invest 3 bn during the next fiscal.

The company also reported best ever sales in April 2015. The combined sales of Jaguar Land Rover stood at 37,286 vehicles, 31,938 of which came from Land Rover and 5,348 came from Jaguar.

Sales of the all-new Discovery Sport continued strong, retailing 5,577 in April, almost 700 vehicles more than the Freelander did during this period last year. Elsewhere there was also solid sales performance from the Defender (up 23%), Discovery (up 18%), Range Rover (up 18%) and Range Rover Sport (up 5%) models.

"Great news for Jaguar Land Rover this month achieving its strongest ever April sales performance," said Andy Goss, Jaguar Land Rover group sales operations director. "A suitable end to a historic month for the company, which saw the opening of the newly upgraded Solihull plant and welcoming of Jaguar production to the traditional home of Land Rover, where the new XE saloon is now being made."

Jaguar Land Rover has also announced that it will invest over 3.0bn in its products and facilities in the next fiscal year.