Jaguar celebrates roaring profit figures

Pre-tax annual profits for the vehicle-maker behind such iconic models as the E-Type rose 11 percent to £1.67 billion and helped temper a 36 percent fall in profits at the company's parent group, Tata Motors.

The results showed that total world sales at the company increased by 22 percent over the course of the year to almost 375,000 vehicles.

Total world sales at Jaguar Land Rover were up 22% to almost 375,000 vehicles in the financial year that it introduced an all-new version of the Range Rover, the Jaguar XF and XJ and the XF Sportbrake.

Jaguar Land Rover chief executive Dr Ralf Speth said the numbers demonstrated a strong demand for the company's products. "We invested significantly in the product creation process, in our advanced manufacturing sites and created more than 3,000 jobs.”