The company’s successful product portfolio and strong demand in key markets have driven the robust growth in revenue. Customers worldwide have well-received JLR’s diverse range of luxury vehicles, including the award-winning Jaguar XE and the popular Land Rover Discovery.
Jaguar Land Rover (JLR), the UK’s largest car manufacturer, has reported a significant increase in revenue for the fiscal year 2024. The company’s revenue has surged by 30.4% to reach £6.9 billion (approx 701 billion INR), marking a substantial improvement in its financial performance.
In light of the impressive financial results, JLR has raised its EBIT margin guidance for FY24 to 8%. This revised guidance reflects the company’s confidence in its business strategy and its ability to deliver sustainable profitability.
JLR’s strong financial performance comes at a time when the global automotive industry is grappling with challenges such as supply chain disruptions and semiconductor shortages. Despite these headwinds, JLR has managed to deliver solid results, demonstrating the resilience of its business model.
The company’s focus on innovation and customer-centricity has played a crucial role in driving its financial success. JLR’s commitment to electrification, with plans to become net-zero by 2039, has also resonated with customers, further fuelling demand for its vehicles.
