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 Jaguar Land Rover, Tata’s UK-based premium car maker, is continuing to prop up its otherwise weak and frail-looking Indian parent. Unlike its Tata parent, which has taken the ill-effects of the deeply entrenched downturn in India’s car market on the chin, Jaguar Land Rover’s fortunes have taken a contrasting turn into the opposite direction. With no let-up to Jaguar Land Rover’s astonishing resurgence, catapulted into an altogether higher league chiefly by its glowing sales fortunes in China, its Tata parent in India is well and truly stuck in the mire, and there is no end in sight to its current misfortune Jaguar Land Rover, long seen as a big black hole for its former Ford parent, has by almost any criterion emerged as one of the autoindustry’s most astonishing comeback kids, transformed almost miraculously from long-running loser to unqualified winner within a mere half-dozen years. Whopping 49.4 per cent jump in pre-tax profi ts During the fiscal year ending March 31 this year, following a 15.9 per cent jump in global vehicle sales to some 434,300 cars, Jaguar Land Rover posted a whopping 49.4 per cent jump in pre-tax profits to £2.5 billion. Its sales revenue, for the same fiscal year, rose by an equally striking 22.8 per cent to £19.4bn from £15.8 billion in the previous fiscal year...more > STOCK MARKET VIEW | Peugeot - Lion scratching for food 30 Jan 2014 > STOCK MARKET VIEW | Lame recovery replaces European slump 03 Mar 2014 |
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