What is the story about?
Jaguar Land Rover (JLR), the luxury arm of Tata Motors, reported a 24.2% year-on-year decline in wholesales to 66,165 units for the July–September quarter.
Retail sales stood at 85,495 units, down 17.1% year-on-year, the company said in an update on Tuesday.
JLR said volumes were impacted since early September by a recent cyber incident, as well as the wind-down of legacy Jaguar models and incremental US tariffs.
The Range Rover, Range Rover Sport and Defender models accounted for 76.7% of the quarter’s
wholesales, underscoring continued demand for the brand’s high-margin SUVs.
“In the first two months, our performance was robust and aligned with expectations, despite the planned wind-down of legacy Jaguar models and the effect of additional US tariffs,” JLR CEO Adrian Mardell said.
The company said all markets were affected in the quarter, with the UK hit hardest due to the combination of the legacy Jaguar model wind-down and the September cyber incident.
JLR had already faced challenges earlier this year, posting an almost 11% decline in quarterly sales in July, partly as a result of a temporary pause in shipments to the United States following the Trump administration’s tariffs on imported vehicles.
Also read: Tata Motors JLR to begin phased restart of production from October 8 after cyberattack
As part of its phased restart, engine and battery production will resume on Wednesday, alongside key sections of the Solihull vehicle production plant, including the body shop and paint shop. This will see some of JLR’s 33,000 employees returning to work.
Do you find this article useful?