Jaguar Land Rover has posted its biggest profit since 2015 after a record year of sales.
Britain’s biggest car maker, which is owned by India’s Tata Motors, posted profits of £2.2billion for the full year to the end of March.
This is the group’s best haul in nine years.
The Range Rover maker notched up annual revenues of £29billion, the highest ever for the group and up 27 per cent year-on-year.
The bumper performance was driven by strong demand for its top-end models. The company sold 401,303 cars in the year, with its Defender model – which costs around £55,000 – making up 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. Some 76 per cent of these orders were for 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.’