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72nd Annual Report 2016-17
JLR CEO’S
MESSAGE
Dear Shareholders,
Our customers are at the heart of everything
we do. Our passion and our purpose is to
meet and exceed their aspirations; to delight
them with experiences they will love for life.
We do not do ordinary.
We do create spectacular, outstanding
products.
Jaguar Land Rover is an innovative
technology company. We are shaping the
mobility revolution as we move from
‘ICE to ACE’ – from the internal combustion
engine to autonomous, connected and
electrified vehicles.
SUSTAINABLE, PROFITABLE GROWTH
Our vehicles are in high demand. This fiscal
year marks our seventh successive year of
growth. We reported retails of 604,009 units,
a 16 per cent increase year-on-year with
revenues of GBP 24.3 billion and profit before
tax of GBP 1.6 billion.
PRODUCT PORTFOLIO
The compelling character of our products
with the best British design and engineering
integrity has won 213 awards this year. The
Jaguar F-PACE won both the World Car of
the Year and the World Car Design of the
Year award while Jaguar XF won the Golden
Steering Wheel award in Germany.
In FY 16-17 we introduced the Jaguar F-PACE
and launched the Jaguar XE in the US and
the all-new long wheelbase Jaguar XFL for
China. In November 2016 we revealed the
Jaguar I-PACE, our Battery Electric Vehicle
(BEV) which will be available from next year.
Land Rover Discovery went on sale in
February 2017 - the world’s most capable
and most versatile SUV. In March 2017,
we launched the Range Rover Velar, the
fourth Range Rover model, which defines
design excellence, modernity and elegance
combined with innovative inner values like
the “Blade” system.
BUSINESS = PEOPLE
It is the passion, imagination and
engagement of our people that drives our
future. At the end of the fiscal year Jaguar
Land Rover employed 40,265 people.
We encourage our people to advance their
skills. More than 30 per cent take advantage
of what is already the best range of lifelong
education schemes offered by the Jaguar
Land Rover Academy and supported by
Warwick Manufacturing Group and other
renowned universities.
I want to take the opportunity to thank all
our employees, dealers and business partners
for their contribution and commitment.
My special thanks go to Mr Ratan Tata for
the confidence he has placed in us and
the supervisory board, chaired by
Mr Natarajan Chandrasekaran.
BREXIT AND GEOPOLITICAL LANDSCAPE
We are a British company with global reach.
We can continue to be the beating heart
of British manufacturing, the epicentre of
premium car production.
To deliver maximum efficiency and
effectiveness, the UK needs competitive
political and economic conditions. It is free
and fair trade, access to the best talents
globally and removing red tape that lead
to greater national prosperity. The EU is a
business opportunity. There is no credible
alternative.
THE FUTURE
With significant global economic growth
forecasts for the coming years, we are
cautiously optimistic that we can exploit the
growing premium demand.
At Jaguar Land Rover, we are committed
to growing our business responsibly
and in ways that benefit broader society.
Creating our own future in the world we
want to live in.
The pace of change has never been greater.
Our aim is to set it. This is a time of great
change.
Time for Jaguar Land Rover.
Best Regards,
Ralf Speth
Mumbai, May 23, 2017