Jaguar Land Rover pre-tax annual profits up 4.5%

Jaguar Land Rover has announce a pre-tax profit of £2.61bn, up 4.5% on the previous year.

Annual revenue at the luxurious auto manufacturer, that is closely-held by India's Tata

Motors, rose 12.8% to £21.87bn.

Jaguar Land Rover had a tricky begin to the year, that was offset by the previous 9

months.

While its sales were up eight.9% within the 1st 3 months of 2015, pre-tax profit born

thirty one.3% as foreign currency prices weighed on its margins.

Jaguar Land Rover oversubscribed 470,523 vehicles to wholesale consumers and created

462,209 retail vehicle sales.

"Jaguar Land Rover has delivered 5 years of solid monetary results, facultative United

States to take a position in our long future," aforesaid cat Land Rover's chief government

Ralf Speth.

It spent £3.15bn over the year on cost and analysis and development.

Rising annual profits at cat Land Rover scaled back losses in different components of its

parent company, Tata Motors.

Pre-tax losses at Tata's standalone unit, that largely includes its Indian business,

widened to thirty-nine.7bn rupees within the year to the tip of March from 10bn rupees the

year before.

Tata Motors rumored a 15 August 1945 rise in pre-tax profit for the year to the tip of

March. It created 217bn rupees (£2.2bn), compared with 188.7bn rupees within the previous

year.

A 76bn-rupee tax charge worn Tata Motors' internet annual profit by zero.3% to 140bn

rupees.