Jaguar Land Rover has reported a surge in pre-tax profits to almost £1 billion in its first quarter results.

The figure is more than twice the level achieved last year and was underpinned by growth in volumes and revenue, with strong product and geographic mix. 

Retail volumes stood at 115,596 for the quarter, up 22 per cent on the previous year's figure. Land Rover performed particularly well, with sales up 24 per cent, while the number of Jaguars sold increased by 12 per cent.

As a result of this strong performance, revenues rose by £1.3 billion on the previous year's figure, to £5.4 billion.

Next month, Jaguar is to unveil its new XE series, which is intended to rival BMW's 3-series. The world premiere of the vehicle is to be held in London on September 8th.

Jaguar Land Rover chief executive officer Dr Ralf Speth said the results reflect the company's "award-winning product portfolio". 

"We are committed to inspire customers with exceptional premium vehicles, delivering the highest standards of quality, technology and customer service," he added.