Jaguar Land Rover profits continue to boom

Demand was strongest for the Jaguar XJ (pictured), XF and Range Rover models. Photograph: Simon Stuart-Miller

Profits have continued to boom at the resurgent Jaguar Land Rover, with the British car manufacturer reporting third quarter profits of £842m – more than double the same period in 2012.

Revenues from the premium and luxury brands leapt to £5.3bn in its quarterly results, with sales up 27% year on year in the last three months of 2013.

Jaguar Land Rover sold 112,172 vehicles in the quarter, with particularly strong demand for its Jaguar XJ and XF and Range Rover models, the company said. Combined sales from its brands reached 425,006 vehicles in 2013, a record for the firm.

The British subsidiary's performance has been helping to keep its owners, India's Tata Motors, in overall profit, as it faces declining consumer confidence in its own domestic markets. Tata bought Jaguar and Land Rover from Ford in 2008 and has steadily increased production since, with around 25,000 staff employed at its plants in the West Midlands and on Merseyside.

Chinese buyers continue to push strong global sales figures at JLR, with Brazil, India and the US the other major markets.

Jaguar Land Rover's chief executive officer, Ralf Speth, said: "Our financial performance for this and the preceding quarters is a testament to the quality of Jaguar Land Rover's award winning product offerings which continue to meet the exacting standards demanded by our customers around the world.