The Tata-owned carmaker now generates 85% of its revenue from exports, making it one of the country’s largest by value, equal to £8.2 billion ($13.2 billion).
Land Rover sold more vehicles than ever before, up 36%, helped by the popular Range Rover Evoque, which saw almost 108,600 vehicles sold in its first full year of sales, more than any other previous Land Rover model according to the carmaker.
The company has also seen strong performances from its Land Rover Discovery 4/LR4 (up 3%) and Range Rover Sport (up 4%); first deliveries of the all-new Range Rover have also now commenced.
Commenting on its 2012 results, Land Rover’s global brand director, John Edwards, said the division had delivered “a powerful global performance” throughout the year and selling more vehicles than ever before in its 65 year history.
Jaguar saw sales up 6% with XF sales up 13% globally and greater reach achieved through new XF and XJ model launches, including the XF 2.2 Diesel and Sportbrake and the XF and XJ 3.0 litre powertrains.
“We now have a very strong desirable range of products, which are clearly capturing the public's imagination. We plan to continue growing in 2013 with the stunning new F-TYPE," said Jaguar’s global brand director, Adrian Hallmark.
The company has announced it will be adding 800 new jobs at its Solihull plant in the UK Midlands to support the introduction of new model programmes in 2013 and will invest £370m ($600m) in the site that includes the a new body shop and upgrades to warehousing and a customer handover centre. It will invest £2 billion in products and facilities in the financial year to March 2013.
The company also said that it was working on plans to extend its global production footprint, particularly in India and China. Tata already builds the Freelander 2 at its Chikli factory near Pune, India from CKD kits shipped from the Halewood facility in the UK. Last November, JLR also signed a joint venture with Chery for production of vehicles at Changshu.