Retail in Asia

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Jaguar Land Rover profit boost driven by Chinese demand

Jaguar Land Rover has won gold for British exporters by reporting a 45 percent boom in second-quarter profits to well over GBP500 million (USD783.65m), driven by soaring demand from China for the new Range Rover Evoque.

The Coventry-based company, now under the control of Tata Motors of India, saw a 91 percent increase in overall sales from the luxury-car-hungry Chinese market year on year.

(Source: guardian.co.uk)