[jag-news-discussion] Jag LandRover profit surge Summer 2010

Disused Categories Jag-News-Discussion
1

Found this on the web today.

Perhaps Ford sold out too soon…also, lets all hope that they
do not make jags in china.

Tata Motors Recovers On Jaguar, Land Rover Sales

August 10, 2010

by Erika Kinetz, Associated Press Writer

MUMBAI, India (AP) � India’s Tata Motors posted quarterly profit of
19.9 billion rupees ($428.4 million) Tuesday, turning around a loss
as reviving global demand for its Jaguar and Land Rover brands made
up for rising commodities costs.

The company returned to profitability on a consolidated basis for
the April to June quarter from a loss of 3.3 billion rupees ($70.9
million) rupees during the same period last year.

Consolidated quarterly revenues grew 64.2 percent, to 270.6 billion
rupees ($5.8 billion).

‘‘Commodity prices and cost pressures will continue to impact our
business going forward,’’ said chief financial officer C.
Ramakrishnan.

The company said it sold 57,153 Jaguar and Land Rover vehicles
during the period, up from 35,947 vehicles the same time last year,
led by growth of 104 percent in China, where it is talking with
joint-venture partners about setting up an assembly plant.

Its Jaguar Land Rover division reported a third straight quarter of
profitability, with June quarter profits at 2.2 billion rupees
($47.6 million), up from a loss of 640 million rupees ($13.8
million) this time last year.

Demand for Jaguar Land Rover has so exceeded expectations that the
company is facing supply bottlenecks with engines, which are
supplied by Ford Motor Co., executives said.

Excluding its divisions and subsidiaries, Tata Motors said profit
fell 23 percent to 4.0 billion rupees ($85.3 million) because of
higher input costs and a one-time revenue boost this time last year
from asset sales.

Standalone revenues grew 63 percent, to 113.0 billion rupees ($2.4
billion) thanks to strong domestic demand, favorable lending rates
and India’s robust economic growth.--------------------------------------------------------------------

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–
48 Saloon
Charlotte, NC, United States
–Posted using Jag-lovers JagFORUM [forums.jag-lovers.org]–

2

From various sources I read over the past couple
of months, most of the increased sales have been
generated by Lnad Rover and only a small
percentage by Jaguar although they are doing better than last year.

The new XJ was released here in the US in May(?)
and I still haven’t spotted a single one on the
highways and byways of Southern California. I’ve
been frustrated in my attempts to find an
accurate source for US Jaguar sales since being
bought by Tata which seems rather odd as I can
find the numbers for almost every other make and model.

Gus

At 10:29 AM 8/10/2010, you wrote:

Found this on the web today.

Perhaps Ford sold out too soon…also, lets all hope that they
do not make jags in china.

Tata Motors Recovers On Jaguar, Land Rover Sales

August 10, 2010

by Erika Kinetz, Associated Press Writer

MUMBAI, India (AP) — India’s Tata Motors posted quarterly profit of
19.9 billion rupees ($428.4 million) Tuesday, turning around a loss
as reviving global demand for its Jaguar and Land Rover brands made
up for rising commodities costs.

The company returned to profitability on a consolidated basis for
the April to June quarter from a loss of 3.3 billion rupees ($70.9
million) rupees during the same period last year.

Consolidated quarterly revenues grew 64.2 percent, to 270.6 billion
rupees ($5.8 billion).

‘‘Commodity prices and cost pressures will continue to impact our
business going forward,’’ said chief financial officer C.
Ramakrishnan.

The company said it sold 57,153 Jaguar and Land Rover vehicles
during the period, up from 35,947 vehicles the same time last year,
led by growth of 104 percent in China, where it is talking with
joint-venture partners about setting up an assembly plant.

Its Jaguar Land Rover division reported a third straight quarter of
profitability, with June quarter profits at 2.2 billion rupees
($47.6 million), up from a loss of 640 million rupees ($13.8
million) this time last year.

Demand for Jaguar Land Rover has so exceeded expectations that the
company is facing supply bottlenecks with engines, which are
supplied by Ford Motor Co., executives said.

Excluding its divisions and subsidiaries, Tata Motors said profit
fell 23 percent to 4.0 billion rupees ($85.3 million) because of
higher input costs and a one-time revenue boost this time last year
from asset sales.

Standalone revenues grew 63 percent, to 113.0 billion rupees ($2.4
billion) thanks to strong domestic demand, favorable lending rates
and India’s robust economic growth.

Follow IMPO on Twitter!

–
48 Saloon
Charlotte, NC, United States
–Posted using Jag-lovers JagFORUM [forums.jag-lovers.org]–

Gus Macintosh
Arcadia, CA

Tel: (626) 355-9651 @Gus_Macintosh1 or gusmac1@gmail.com

3

In reply to a message from 3210 sent Tue 10 Aug 2010:

This story was carried by the Wall St. Journal yesterday, which is
proper, since Jaguar has advertised heavily there this last year.
P.–
Peter J. Smith, 1966 3.8S MOD
Carson City Nevada, United States
–Posted using Jag-lovers JagFORUM [forums.jag-lovers.org]–
–Support Jag-lovers - Donate at http://www.jag-lovers.org/donate04.php –