Though shorter overall, a longer wheelbase translates into much better rear seat space.
The renaissance of Jaguar Land Rover continues as the maker reported it earnings of $6.4 billion on revenue of $33.6 billion for its fiscal year that ended March 31.
The results marked the fifth year in a row that the luxury car and SUV maker reported profits. The earnings result, which is before interest, taxes, depreciation and amortization (EBITDA) are up 1.4% compared with the year-ago results, the company reported.
“Jaguar Land Rover has delivered five years of solid financial results, enabling us to invest in our long-term future,” said Jaguar Land Rover Chief Executive Officer Ralf Speth. “This has positioned the company strategically and financially for continued sustainable growth. The past year has been one of significant achievement, with the expansion of our vehicle ranges and our manufacturing footprint.”
The automaker’s profits were $3.3 billion, which is an increase of $173.8 million, compared with year-over-year results. Jaguar Land Rover is owned by Tata Motors.
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“We are committed to delivering further growth this year, maintaining our relentless pace of launching new models and introducing innovative technologies for our discerning customers around the world.”
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Despite weakening sales in China, the maker sold 462,209 vehicles during the fiscal year in what it described as a “balanced regional distribution of sales.” The company hit several milestones this year, including the introduction of three new Jagauar models – the all-new XE and F-PACE and the new XF – as well as the new Land Rover Discovery Sport.
(To see more about Land Rover adding new models, Click Here.)
The company plans to introduce 50 new models during the next five years, including 12 in 2015.