The company's September quarter volumes were lower than expected due to the recent cyberattack. On August 31, JLR disclosed it had been hit by a cybersecurity breach and, a couple of days later, announced the temporary shutdown of its system.
The company's wholesale declined by 24.2% during the quarter, while retail sales were down 17.1% compared to the previous year.
The wind-down of legacy Jaguar models and incremental US tariffs have also had an impact on JLR's volumes.
JLR's volumes in the second quarter declined in all markets:.
| Region | Decline (YoY) |
| UK | -32.3% |
| North America | -9% |
| Europe | -12.1% |
| China | -22.5% |
| MENA | -15.8% |
| Overseas | -4.1% |
Meanwhile, brokerage firm Nuvama expects JLR's second quarter revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) to decline 22% and 52%, respectively.
The company's management on Tuesday has reiterated that its focus is on restarting JLR manufacturing operations. The engine production plant begins operations on
Shares of Tata Motors were down nealry 1% at ₹691.25 apiece around 9.20 am on Wednesday. The stock has gained 17.4% in the last six months.
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