• |
  • |
  • Tata Motors Q1 2012 Profits Boosted by Demand for Range Rover Evoque

Tata Motors Q1 2012 Profits Boosted by Demand for Range Rover Evoque

Up to Three-Month Waiting List on Popular New SUV Worldwide

Edward A. SanchezMay 29, 2012
Jaguar Land Rover probably knew it had a hit on its hands with the new Range Rover Evoque, but its success is likely exceeding the company's expectations, and is proving a big contributor to parent company Tata Motors' better-than-expected first-quarter profits, reports Bloomberg. Net quarterly income was $1.1 billion compared with analysts' expectation of $686 million in income.
Photo 2/9
Demand for the new premium compact SUV is so strong that there is a three-month waiting list in many of Land Rover's markets, which is prompting the company to run its Halewood, England, plant on a three-shift, 24-hour schedule. Demand for the new model is strongest in China and Russia, helping to offset weak European demand.
Tata recently reached a verbal agreement with Chinese automaker Chery for production of luxury models in China. The factory will have an annual production capacity of 130,000 units, but it's unknown what models will be built at the plant at this point.
Photo 3/9
Global sales for the Jaguar Land Rover division rose 29 percent to 314,433 vehicles for the 12 months ending March 31. Land Rover SUV models accounted for 80 percent of that figure.
Source: Bloomberg

2015 Land Rover Range Rover Evoque Specifications

VIEW ALL
Fair Market Price $39,128
MSRP $41,100
Editors' Overall Rating
Mileage 21 City / 30 Highway
Engine 2.0L I4
Horse Power 240 hp @ 5,500 rpm
Torque 250 ft lb of torque @ 1,750 rpm
See all Specifications

MOST POPULAR

Truck Trend Network

TRUCK RESEARCH SNAPSHOT

Land Rover Range Rover Evoque

Fair Market Price
$39,128
Editors' Overall Rating
Basic Specifications
MSRP: $41,100
Mileage: 21 / 30
Engine: 2.0L I4
get a free quote

Subscribe Today and Save up to 83%!

Subscribe Truck Trend Magazine

Subscribe to:

Truck Trend
Magazine

PRINT DIGITAL
Subscribe Diesel Power Magazine

Subscribe to:

Diesel Power
Magazine

PRINT DIGITAL
Subscribe Truckin Magazine

Subscribe to:

Truckin
Magazine

PRINT DIGITAL
SUBSCRIBE TO A MAGAZINE
TO TOP