Expanded product portfolio pays off for Jaguar

14/08/2017
Expanded product portfolio pays off for Jaguar
Automotive group Jaguar Land Rover has announced it sold 137,463 vehicles during the first quarter of the 2017/18 financial year (ended June 30), an improvement of 3.5% compared to the same period of last year. 

The company said this shows “an encouraging customer response to the company’s innovative product portfolio.”

Jaguar’s sales in China were up 30% and there was a 16% increase in sales in North America. The company said its sales in Europe were “stable”, but there was a 14% drop in sales in the UK, Jaguar’s home market. 

During the 2017/18 financial, Jaguar will invest more than £4 billion on new products, innovative technologies and increased manufacturing capacity. This will include investment in a new plant in Slovakia. 

Image courtesy of Jaguar Land Rover.