Jaguar Land Rover’s booming overseas sales have won it a top international prize – from no other than Her Majesty The Queen herself.
The firm has been awarded the 2014 Queen’s Award for Enterprise in International Trade, for growing sales to 425,006 vehicles in 2013 – and exporting 80% of them out of the UK.
JLR’s sales grew 19% in 2013 alone and its now generates 85% of its revenue from exports. Vehicles are sent to more than 170 countries and sold by 2,520 worldwide dealers.
This sales growth has also helped the firm create 11,000 new jobs over the past three years – with an estimated 24,000 additional positions in the supply chain.
The Queen’s Award was presented at the firm’s HQ in Whitley, by Her Majesty’s Lord-Lieutenant of West Midlands, Paul Chandrasekharan Sabapathy CBE. It was received by JLR CEO Dr. Ralf Speth, chairman emeritus of Tata Ratan Tata and Tata Group chairman Cyrus Mistry.
Dr. Speth said: “Jaguar Land Rover is delighted and honoured to receive recognition of its contribution to British enterprise and I am privileged to accept this award on behalf of our 30,000 employees.
“The Queen’s Award is one of the most important awards for British businesses. We are extremely proud that our positive contribution to society and to the growth of the UK economy has enabled us to achieve this.”
This is the first time Jaguar Land Rover has won a Queen’s Award – however, each brand has won six times between 1967 and 2009.