British luxury car manufacturer Jaguar Land Rover (JLR) is planning to invest about GBP2.75bn in the UK in 2014, after recording yearly pre tax profits of about GBP1.67bn.
Tata Motors' owned firm, further revealed plans to continue investing in the UK following the rise in sales in all important markets.
Jaguar Land Rover chief executive officer Dr. Ralf Speth said that the company has invested heavily in the product creation process, in its advanced manufacturing sites and created more than 3,000 jobs.
"This commitment is set to continue with a sustained programme of investment which will see us spend in the region of £2.75bn on new product, people and infrastructure in the year to March 2014," Speth said.
JLR generated revenues of about GBP15.8bn for the fiscal year ended 31st March, up 17% over the previous year, while its sales reached 374,636 units, up more than a fifth compared to 2012.
According to the carmaker, China reported highest regional sales, up 48% to 77,075 vehicles, while the Asia Pacific sales reached 17,849 units sold, reporting 27% rise, followed by the UK with 20% rise and North America with 9% growth in sales during the period.
"The positive result for the financial year demonstrates that we have strong demand for our great, solid product portfolio all around the world," Speth said
"During this period Jaguar Land Rover unveiled major new products, the all-new all aluminium Range Rover and the Jaguar sportbrake, the AWD XF and AWD XJ and the stunning F-TYPE."
