Tata Motors PV Shares Slide 4% As JLR Q3 Wholesales Plunge 43% After Cyberattack

Shares of Tata Motors Passenger Vehicles (PV) fell over 4 per cent on January 6 after the company released Jaguar Land Rover’s (JLR) wholesale and retail sales figures for the third quarter of FY26.

The

stock slipped to around Rs 360 per share, snapping a five-session winning streak.

Tata Motors PV reported that JLR wholesales declined sharply by 43.3 per cent year-on-year to 59,200 units in Q3 FY26. On a sequential basis, wholesales were down 10.6 per cent from Q2 FY26. Compared with the year-ago period, wholesale volumes declined across all markets — the UK fell 0.9 per cent, North America plunged 64.4 per cent, Europe dropped 47.6 per cent, China declined 46 per cent, MENA 1 was down 8.5 per cent, and overseas markets fell 50.4 per cent.

The company said the combined share of Range Rover, Range Rover Sport and Defender models stood at 74.3 per cent of total wholesale volumes in Q3 FY26, up from 70.3 per cent a year ago but lower than 76.7 per cent in the previous quarter. Wholesale volumes for the financial year to date were 212,600 units, down 26.6 per cent year-on-year.

Retail sales also weakened, falling 25 per cent year-on-year and 6.7 per cent quarter-on-quarter to 79,600 units during the October–December quarter.

Tata Motors said production returned to normal levels only by mid-November following a major cyberattack. The disruption, along with the time required to distribute vehicles globally, weighed on both wholesale and retail volumes on a sequential and annual basis.

The company further noted that the planned wind-down of legacy Jaguar models ahead of new launches, along with incremental US tariffs impacting JLR’s exports to the US, continued to pressure volumes.

The company clarified that these are provisional numbers, with audited figures to be released alongside the full Q3 FY26 results in February 2026.

Tata Motors PV share price performance:
Despite the decline, Tata Motors PV shares have gained over 2 per cent in the past five days and around 6 per cent in the past month. However, the stock is down nearly 12 per cent over the past six months.

Tata Motors Passenger Vehicles was discovered at Rs 400 per share on the NSE on October 14, following a special pre-open session, representing a 39.5 per cent (Rs 260.75 per share) decline from the previous closing price. The stock has fallen about 10 per cent since listing.