West Midlands Cars Jaguar Land Rover Nagpur dealership inaugurated
Jaguar Land Rover has inaugurated a showroom in Nagpur, Maharashtra today. This is JLR’s 21st outlet across 19 major cities pan India. Operated through West Midlands Cars (P) Ltd. it’s located in Nagpur on D–3, MIDC, Hingna Road, Nagpur.
Jaguar Land Rover today announced its entry into the State of Chhattisgarh with the opening of a new showroom in Raipur.Mr. Rohit Suri, Vice President, Jaguar Land Rover India, “I am delighted to be opening a new showroom in Nagpur. This fourth showroom in the State of Maharashtra, reiterates our commitment to tap the growing potential of premium car market and strengthens our foothold in the region. This 3S facility in Nagpur stands out as one of the best among premium car dealerships in the city.”
For the year ended March 31, 2014 Jaguar Land Rover wholesale and retail volumes grew by 15.5% and 15.9% respectively with 429,861 units and 434,311 units sold for the FY. 120,953 units and 124,776 units were sold through Q1 2014. Q1 2014 revenues stood at GBP 5,349 million equating to 5.9% growth over GBP 5,053 million over Q1 2013.
Operating profit (EBITDA) stood at GBP 920 million, up 12.2% compared to GBP 820 million in Q1 2013. Operating margin stood at 17.2%, up 100 bps over Q1 2013 reflecting increased volumes in emerging markets. Profit before tax grew to GBP 576 million (GBP 507 million in Q1 2013). Profit after tax grew to GBP 449 million (GBP 377 million in Q1 2013).
For the year ended March 31, 2014 revenues were GBP 19,386 million over GBP 15,784 million in the corresponding period last year. Operating profit and margin stood at GBP 3,393 million and 17.5%. Profit before Tax was reported at GBP 2,501 million (GBP 1,674 million for the corresponding period last year). Profit after Tax stood at GBP 1,879 million compared to GBP 1,214 million for the corresponding period last year.
Jaguar Land Rover’s strong growth reflects favourable exchange revaluation on loans and unrealized hedges, increase in volumes, expanded product portfolio with launch of new Range Rover Sport, new Range Rover and Jaguar F-TYPE, and increased volumes in emerging markets.
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