Jaguar Land Rover sales rise 35pc in May

[pmaitra]

Jaguar Land Rover sales rise 35pc in May

Jaguar Land Rover sales grew by another 35pc in May despite the deepening eurozone crisis causing worldwide economic uncertainty.

JLR said sales rose to 30,094 last month, led by a 42pc rise in Land Rover sales to 25,752 thanks to the popularity of the new Range Rover Evoque

By Graham Ruddick6:22PM BST 15 Jun 2012 | Telegraph UK

JLR said sales rose to 30,094 last month, led by a 42pc rise in Land Rover sales to 25,752 thanks to the popularity of the new Range Rover Evoque.

The increase has been secured despite JLR posting record sales and profits in the year to March 31, 2011. Revenues rose 37pc to £13.5bn last year and pre–tax profits grew to £1.51bn from £1.1bn.

The Midlands-based company is enjoying significant growth in China, which is now a bigger market for JLR than the UK. However, sales are also rising in Europe thanks to the success of new model such as the Evoque and Jaguar XF.

JLR, which is owned by Indian conglomerate Tata, is planning further expansion through investment in a new engine plant in Wolverhampton and the expansion of factories at Castle Bromwich, Gaydon, and Halewood.

It will launch a new Jaguar sports car, the F-Type, later this year.

Source: Jaguar Land Rover sales rise 35pc in May - Telegraph

[HR][/HR]

Comments:

Billa Bong
06/15/2012 10:03 PM

Looks like the Indians know how to run a business...and crack those whips on those assembly liners and tie suit managers.......What a role reversal in just 100 years

jonlivesey
06/15/2012 10:01 PM

One of the best things Maggie ever did was to take Government out of the business of backing UK "champion" companies and letting the market decide.

What that did was let loose the forces that kill inefficient industries and companies and promote efficient ones.

The best managers in the World can't prosper in an industry that is intrinsically uncompetitive, such as deep mined coal, but when capital is redirected to efficient companies in competitive industries, then success emerges.

We had already seen that before Maggie, because privately owned companies were much more successful than their Government owned counterparts, and in industries where the UK economy is fundamentally competitive, such as aerospace, power generation, petrochemicals, pharmaceuticals, oil exploration and extraction, exotic materials, electronics, software, architectural and engineering design services and various foodstuffs, the previously successful companies have become World beaters.

And here is an entire industry come back from the dead. It only took an owner with adequate capital and the willingness to invest - another L2bn this year - to show that the automobile industry plays right into the UK's strengths in design, engineering and management. In fact, Ratan Tata recently said that the British senior management at JLR were completely different in their attitude than their predecessors were five years ago. He called it the "work till midnight" mind-set.

charlescawley
06/15/2012 07:29 PM

If the Indians can get first class productivity from UK middle and junior managers along with UK line workers... the £ million question is why can't we get the same results with UK management?

The clue is in the word 'UK'.

Hurray for success... the whole country could be a success if we sorted out those managers who take too much and, in effect, wreck UK productivity for their sole selfish plans to enrich themselves regardless of the cost to their peers, employees, the shareholders or to the country.

Meanwhile, Cameron and chums are still trying to make the magic money fairies wave their little wands and make everything all right without moving a single muscle to sort out the real problem.

For every bit of hugely welcome news of success of UK based foreign managed and owned business the huge question of why we are doing nothing about our own managers gets more and more obvious and more and more shameful.

[HR][/HR]

Kudos to TATA, and, a mention of Jeremy Clarkson and Co.. (see them poking fun at TATA)


I am happy for the people of UK, that more jobs will be generated for the people there; simultaneously, a central appendage for Jeremy Clarkson and Co..

 

[amitkriit]

TATA is UK's biggest industrial employer now.

India's industrial outpost: Tata for now | The Economist

 

[Ray]

It is quite interesting to note that while Britain is failing in every other sector, an Indian run company is doing wonders.

And to imagine TATA had bought up this company when it was horribly in the red and the workers getting a raw deal!

I wonder what the British would be saying about this entrepreneurship wizardry, Indian capability and financial management, more so, in the light of their being infuriated that India was getting aid from Britain (which in any case India did not want being 'peanuts') and yet India was having a space programme etc.

I hope the British realise that India knows better how to do things and cut their coat as per the cloth and come our smelling of roses.

 

[Ray]

Top Gear is quite a sneaky lot.

And can't get over their colonial mindset that the people they once ruled are now ruling them!

 

[balai_c]

Top Gear is quite a sneaky lot.

And can't get over their colonial mindset that the people they once ruled are now ruling them!

Top Gear is a strange show. They never review anything other than sports cars or similarly priced obscenely expensive super cars mostly made in Europe. Never have they promoted a non-European or a non-western car. It is good only as a comedy show, and not for serious automobile enthusiasts. I find Indian shows far more useful, atleast they would review cars that common Indians are likely to buy, not just passively window shopping!

 

[Mad Indian]

I have posted the thread in ASS forum and added a comment too. Lets see how the Barbarians there react