Jaguar Land Rover has reported record sales figures and a 34% rise in profits.
The Indian-owned car manufacturer shifted 305,859 vehicles worldwide last year, a 27% increase over the previous year's figure. Pre-tax profits also rose from £1.12bn in 2010-2011 to £1.5bn in 2011-2012.
This is good news for Jaguar Land Rover, which was struggling financially before being bought by Tata Motors in 2008. Much of the firm's recent success has been due to the new Range Rover Evoque, which has proven extremely popular.
Jaguar Land Rover is also having a great deal of success in new markets. Sales in China increased 76% last year, sales to India increased by 153.3%, and sales to Brazil rose by 62.2%.
Although the UK is still JLR's biggest market, the Midlands-based firm now exports over 80% of its vehicles to foreign markets.
JLR chief executive Ralf Speth said, "These record earnings, driven by strong product demand and operating efficiencies, give JLR the financial impetus to sustain its ongoing investment programme."
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