JLR Q3 sales plunge as cyber attack and Jaguar wind-down bite

Jaguar Land Rover (JLR), a wholly-owned subsidiary of Tata Motors Passenger Vehicles Ltd, reported a sharp decline in wholesale and retail sales for Q3 FY26, largely due to a cyber incident earlier in the

quarter and planned wind down of legacy Jaguar models ahead of new launches.

Wholesale volumes for the three months ended December 31, 2025, stood at 59,200 units (excluding the Chery JLR China JV), down 43.3% year-on-year and 10.6% sequentially from Q2 FY26, stated the exchange filing.

All major markets reported declines, with North America down 64.4%, Europe 47.6%, China 46%, and the UK marginally down 0.9%. The Range Rover, Range Rover Sport, and Defender models accounted for 74.3% of total wholesale volumes, up from 70.3% a year ago. YTD wholesale volumes reached 212,600 units, down 26.6% YoY.

Retail sales for Q3 FY26 were 79,600 units (including CJLR), down 25.1% YoY and 6.7% sequentially. Retail volumes fell across all markets, including North America (-37.7%), Europe (-26.9%), China (-18.4%) and the UK (-13.3%). Year-to-date retail volumes totaled 259,400 units, down 19.1% from the previous year.

JLR noted that production returned to normal only by mid-November following the cyber incident, and additional time was required to distribute vehicles globally, impacting quarterly volumes. The company also cited incremental US tariffs on exports as a factor.

JLR will release its full Q3 FY26 financial results in February 2026.

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