Statutory Reports
Corporate Overview
69th Annual Report 2013-14
Financial Statements
06
in these markets an even greater opportunity to experience the
cutting-edge technology and design of Jaguar and Land Rover
products.
LOOKING AHEAD
The global economy is on the path of recovery, with consumer
sentiment showing signs of improvement in all the major markets.
The auto industry in India too, after one of its worst years, is
seeing early signs of recovery and renewed confidence amongst
consumers,particularly with a stable government at the centre. We
expect a turnaround of the industry by the later part of this financial
year with a hope that the Government would also come out with
policy interventions that support the growth of auto industry, given
its critical importance to development of the economy.
business in long-term. The company has steadily progressed in all
these areas and is inculcating a culture which is intolerant to poor
quality and absolutely committed to customer delight.
JAGUAR LAND ROVER
For luxury cars, it was a record breaking year with most of the
manufacturers posting their highest ever sales. The US remains the
world’s largest market for luxury cars. China is close on its heels,
with further growth coming from Asia-pacific region, Latin America
and the Middle East.
Jaguar Land Rover re-affirmed our confidence in the premium car
market and rewarded us by harnessing the opportunities created
by rising demand for high-performance luxury cars across the
world. With its extra-ordinary line-up of new exciting products,
JLR posted record sales of 434,311.The resolve, commitment
and creativity of passionate designers and engineers in JLR is
indeed praise-worthy. Jaguar F-TYPE managed to garner excellent
reviews, while the new Range Rover and Range Rover Sport were
exceptionally well received.
We will remain committed to make investments in these two iconic
brands and plan to deliver a slew of new products during the next
5 years. JLR will continue to expand its manufacturing footprint
in growing markets like China and Brazil,thus offering consumers
Jaguar Land Rover re-affirmed our
confidence in the premium car market
and rewarded us by harnessing
the opportunities created by rising
demand for high-performance luxury
cars across the world. With its extra-
ordinary line-up of new exciting
products, JLR posted record sales
of 434,311.
