Tata Motors Passenger Vehicles Limited has informed the Exchange regarding a press release dated January 05, 2026, titled "Jaguar Land Rover Automotive plc ( JLR ) Reports its Wholesale and Retail Sales for Q3FY26".
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Tata Motors' wholly owned subsidiary Jaguar Land Rover (JLR) reported weak Q3 FY26 (Oct-Dec 2025) sales. Wholesale volumes fell 43.3% year-on-year to 59,200 units, while retail sales declined 25.1% to 79,600 units. The steep drop was driven by three factors: a cyber incident that halted production (only normalised by mid-November 2025), the planned wind-down of legacy Jaguar models ahead of a new launch, and incremental US tariffs hitting JLR's exports. All major markets saw declines, with North America worst hit at -64.4% in wholesale and China down 46%. Premium models (Range Rover, Range Rover Sport, Defender) made up 74.3% of wholesale mix, up from 70.3% a year ago. YTD wholesale volumes are down 26.6% at 212,600 units. Full Q3 financial results are expected in February 2026.
Negative near-term sentiment for Tata Motors shareholders as JLR is its key profit driver and the combined impact of the cyber attack, model transition, and US tariffs is significantly weighing on volumes. Investors will watch February's detailed financials closely for margin and cash flow impact before drawing longer-term conclusions.