JAGUAR Land Rover aims to sell 100,000 cars in China this year, its chief executive Ralf Speth told reporters yesterday.
Parent company Tata Motors posted a 23 per cent fall in quarterly profit as higher sales of its luxury Jaguar Land Rover (JLR) vehicles failed to offset sagging sales at home.
JLR reported revenues of £4.1bn for the first quarter of the fiscal year, up 13 per cent on the same period last year.
Profit before tax soared 25 per cent to £415m. However, this growth did not make up for a sharp drop in earnings at Tata Motors, which posted net profit of $281m (£181m) for the quarter.
City A.M. Reporter