Land Rover Receiving More Funds Via Parent Company
Land Rover, and models like Range Rover Evoque, are growing in popularity throughout the world. To answer an escalating demand, parent company Tata Motors will add to company funds.
Tata will double its annual investment in Jaguar Land Rover (aka, JLR), increasing it to $2.4 billion, beginning with the current fiscal year.
A profit margin of 20% was reported by the end of December 2011. This is three times the profit Tata predicted for domestic sales. Much of this growth was due to sales of Range Rover Evoque, along with increased demand for products from China and Russia
"To aid with sales and profitability in China, JLR is expected to appoint a Chinese manufacturing partner in the near future," according to Bloomberg News.1
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