Jaguar Land Rover achieved retail sales of 123,483 vehicles at Q4 Fiscal 2020-21, 12.4% larger than the specific same quarter this past year.
China’s earnings were up 127% compared to a year ago when that market was significantly affected by Covid-19. Undefined to its all-electric Jaguar I-PACE, 5% PHEV and 43 percent MHEV.
Felix Brautigam, Jaguar Land Rover Chief Commercial Officer, said: “While the Covid-19 pandemic has a continuing impact on the global auto company, I am pretty happy to finish the financial year with earnings year-on-year from the last quarter.
Encouragingly, the continuous healing during the entire year follows the managing of our Reimagine plan: the caliber of our earnings enhanced more than the quantity, obtaining an emphasis on our most lucrative automobile lines, more incredible specifications, and decreased incentives. As a result, despite quite different Covid limitations worldwide, we also achieved our objective of balanced earnings across our key markets.
In Land Rover, we are thrilled with the continuing growth in demand for its brand new Land Rover Defender in the quarter, and we’re delighted to see it called Supreme Winner, Women’s World Automobile of the Year 2021. It is truly the first time a Land Rover has won these awards, bringing the whole global trophy count for its new Defender to over 50 up to now. In addition, the fully refreshed Discovery and updated Velar, which’s currently also available as a plug-in hybrid vehicle, will reinforce Land Rover revenue further.
In Jaguar, we had been encouraged by the ongoing earnings performance of XE, XF, and F-TYPE, as customers reacted positively to our latest layouts and comprehensive Upgrades. In addition, order intakes for your just-released brand new F-PACE and E-PACE are promising.
March also marked a historical moment – the 60th anniversary of this legendary E-type, which was revolutionary as it premiered in 1961. This kind of spirit of innovation additionally forces our reimagination of Jaguar as an all-electric modern luxury brand.
Jaguar Land Rover will record audited results for the fiscal year ended 31 March 2021 at The following half of May. The Organization’s earnings performance was founded on expectations. Jaguar Land Rover expects to report substantial positive free cash flow in Q4 and Break-even to positive cash flow for the entire calendar year.
On 31 March 2021, the company had around #4.8 billion of short-term and money investments (unaudited) and roughly #6.7 billion of accessible Liquidity, like the #1.9 billion undrawn committed credit facility (RCF) Growing in July 2022. What’s more, the company has now extended #1.31 billion of the RCF to March 2024.