Jaguar Land Rover has posted its biggest profit since 2015 after a record year for sales.
Britain’s biggest carmaker, owned by India’s Tata Motors, posted profits of £2.2bn for the full year to the end of March.
This is the group’s best result in nine years.
The Range Rover maker posted annual revenues of £29bn, the group’s highest ever and up 27 per cent year-on-year.
The excellent performance was driven by strong demand for its high-end models. The company sold 401,303 cars in the year, and its Defender model, which costs around £55,000, accounted for more than a quarter of these sales.
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The order book was around 133,000 vehicles at the end of the year. About 76 percent of these orders were for the Range Rover, Range Rover Sport and Defender models, JLR said.
Boss Adrian Mardell said: “This has been a year of great strategic progress at JLR.”