Editor's note: An earlier version of this story incorrectly stated that JLR's revenue and profits were 9.9 million and 1.04 million pounds respectively. These figures should have read 9.9 billion and 1.04 billion pounds.
Jaguar Land Rover reported record annual profits of 1.04 billion pounds (1.2 billion euros) on the back of strong growth in China, the Tata Motor Ltd.'s unit said in a statement Thursday.
In the financial year ended March 31, JLR had revenues of 9.9 billion pounds.
Sales of the British brands rose to 243,621 units in the 2010-2011 financial year from 193,982 a year before. JLR has seen sales boosted by demand in China and India, where deliveries have grown rapidly.
Earlier this year, JLR forecast 2011-2012 sales of 40,000 units in China, up from 26,000 in 2010-2011. The majority of those sales -- 36,000 -- will be Land Rovers, the company said.
According to media reports, JLR has plans to build a new 750 million pound engine plant in the UK, with the creation of 1,000 jobs.
Overall, JLR has said it is investing 1.5 billion pounds on a product offensive in the next five years, launching 40 new vehicles, engines and transmissions. The company plans to further invest in aluminum construction, refine its powertrains and heavily expand into hybrid models.
Recent investment by owners Tata has seen the development of new models such as the Range Rover Evoque and the Jaguar XJ.
Tata bought JLR from Ford Motor Co. in 2008 for $2.3 billion.