Jaguar Land Rover sales increased 22 percent last year

Jaguar Land Rover announced on Wednesday that its global sales for the fiscal year ending March 31 jumped by a solid 22 percent.

The British automaker now owned by India's Tata Motors said on Wednesday that its global deliveries totaled 374,636 units last year, representing a 22 percent increase over the fiscal year ending March 2012. JLR's jump in sales is even more impressive when you consider the automaker's sales increased by 30 percent last year.

Demand for JLR's range of luxury cars and utility vehicles was up across all major markets last year. China saw the biggest bump of any single market with a 48 percent increase in sales to 77,075 vehicles. Even in Europe, where the continent's debt crisis has crippled auto demand, JLR enjoyed a 18 percent increase to 80,994 deliveries. In North America, JLR's sales were up 9 percent to 62,959 units.

"The positive result for the financial year demonstrates that we have strong demand for our great, solid product portfolio all around the world,” said Dr. Ralf Speth, CEO of Jaguar Land Rover.

Not surprisingly, JLR's strong sales resulted in some cushy profits. The British automaker recorded a pre-tax profit of $2.53 billion – up 11 percent – for the fiscal year.