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Sights set for China as Jaguar Land Rover double profits

Jaguar Land Rover's Castle Bromwich plant Photo: PA

Jaguar Land Rover has doubled its profits from £215m to £431m - a 100 per cent increase on the same period last year.

It sold 84,749 cars - a 29 per cent increase.

It's yet another sign of the rapid growth of the company which generated revenues of £3.2bn.

The biggest driving force by far is the Range Rover brand and later this month the company will announce that it's going to build cars at a plant in China for the huge Chinese market.

It's already building a new engine plant near Wolverhampton. It's also looking to produce cars in India and Brazil.

Land Rover's on the production line in the West Midlands Credit: ITV Central

Range rovers are selling there in huge numbers.

The Range Rover models are made at the company's plant at Solihull in the West Midlands.

The Evoque - an SUV in the Range Rover family - and a huge seller in China and America - is made at Halewood on Merseyside.

Range Rover Evoque cars, made by Land Rover sit at the docks in Southampton awaiting export. Credit: PA

This year the company has brought out a new Range Rover, a new Jaguar estate and a sports car - the F Type.

In the last two years the company has created 8,000 new jobs - 1,100 at the Castle Bromwich factory where they make Jaguars, and 1000 at Solihull.

Jaguar Land Rover's Castle Bromwich plant Credit: PA

It employs 25,000 around the world and 80 per cent of all the cars it makes go for export.

Today, Ralf Speth the CEO of the company said:

"Jaguar Land Rover will continue to invest in its products, plants and will drive further growth by spending in the region of £2bn in the financial year."

The company is owned by Indian conglomerate, Tata which said it will bring out 40 new models.