Profits jump at Jaguar Land Rover

LONDON: Tata Motors-owned Jaguar Land Rover (JLR) has seen a 15.8 per cent hike in car exports from the UK to India in 2016, riding on the wave of growing number of "affluent buyers" in the country, according to the latest UK automotive industry figures. India is now the eighth largest Asian market for UK car exports with JLR's Land Rover Discovery Sport, Ranger Rover Evoque, Jaguar XF, Jaguar XE and Jaguar F-Pace among the top five most popular models.

London (AFP) - Indian-owned luxury car manufacturer Jaguar Land Rover announced a £600 million ($894 million, 814 million euros) investment in advanced car manufacturing in Britain on Thursday.

MUMBAI: Jaguar Land Rover, the Tata Motors-owned marquee brand, is slowly turning the corner in 2016, having remained on the fringes of the Indian luxury car market so far. Having faced two flat years of close to 3,000 units in sales, JLR India got off to a very good start in 2016 by crossing 1,000 units in sales for the March quarter, posting 45% growth. This growth has come at a time of a ban on diesel vehicles in the National Capital Region, which accounts for 20-25% of the overall luxury car market.