26584
Fuel efficient sports cars from Jaguar on the cards
Posted on 13 Jul 201212,105 Views Comments
Jaguar Land Rover to launch a number of fuel-efficient sports cars in next 2 years: Ratan Tata
Tata-owned British subsidiary Jaguar Land Rover would launch a number of fuel-efficient sports cars in the next two years, group Chairman Ratan Tata has said.
In Tata Motors' Annual Report for 2011-12, Tata said Jaguar Land Rover (JLR) was developing higher-powered and more fuel-efficient engines to attract more customers.
"The company has undertaken its most ambitious product development programme in its history and will be launching several new sports sedans and sports cars in the next two years in order to provide dealers with a more competitive and wider product range," he added.
Face-lifts and new models of the Range Rover as well as a competitively-priced new line of "rugged, lifestyle vehicles under the Land Rover brand are also scheduled to be launched," Tata said.
He, however, did not share details such as how many new models will hit the roads or how many will be under each of the two brands - Jaguar and Land Rover.
JLR had earlier announced to roll out 40 new products in the next 4-5 years.
Talking about JLR's performance, Tata said: "Jaguar Land Rover's operations have shown impressive growth in sales and profitability. Sales have increased by 37 per cent and 29 per cent respectively in value and volume over the previous year."
The company is currently considering to setup a new manufacturing facility in China to meet market demand for the two luxury brands in the region, he added.
For 2011-12 fiscal, JLR's profit after tax stood at 1,481 million pounds (over Rs 12,900 crore) against 1,036 million pounds (over Rs 9,020 crore) in FY'11, up 42.95 per cent.
Its revenue went up by 36.89 per cent to 13,512 million pounds (over Rs 1,17,800 crore) from 9,871 million pounds (over Rs 86,020 crore) in the previous fiscal.
Do you like this story?
Readers' opinions ( 0 )
Post a Comment
Post a CommentMaruti to inspect car ACs for free at weekend service camp
by Team ZigWheels
Maruti Suzuki's "Beat The Heat"...
Making of Rolls-Royce Wraith launch film : Video
by Team ZigWheels
The video describes how the launch film of the...
The Ferrari Way : Special Coverage
Ferrari has been voted as the most powerful brand in the world according to Brand Finance and the...
Chevrolet Enjoy : Special Coverage
Designed to take on everything from the Maruti Suzuki Ertiga to the Toyota Innova the Enjoy is...
