Tata Motors' JLR Reports 43% Lower Wholesale Volumes in Fiscal Q3, Retail Down 25%

MT Newswires Live
01/06

Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) said its wholly owned subsidiary Jaguar Land Rover (JLR) reported lower wholesale and retail volumes for the third quarter ended Dec. 31, 2025, impacted by a cyberattack, model transitions and higher U.S. tariffs, according to an Indian bourse filing on Monday.

The cyber-attack in late August, forced JLR to shut down its IT systems, disrupting automated manufacturing operations and halting production for several weeks. JLR said production normalized only by mid-November following the cyber incident.

Wholesale volumes stood at 59,200 units (excluding the China JV), down 43.3% year-on-year. Declines were seen across regions, led by 64.4% decline in North America, 47.6% in Europe and 46.0% in China, the filing said.

The Range Rover, Range Rover Sport and Defender mix accounted for 74.3% of wholesale volumes.

Retail sales totaled 79,600 units (including the China JV), down 25.1% year on year, with all regions reporting declines.

The company will report full fiscal Q3 results in February.

Tata Motors' shares were down nearly 2% in Tuesday's trade.

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