Tata Motors PV shares in focus as Iran-US conflict impacts JLR volumes in Q1. What's ahead?

Jaguar Land Rover's Q1 FY27 retail sales fell 15.3 percent year on year to 80,000 units, with wholesales declining 9.2 percent to 79,300 units. Volumes were hit by a fire at a major component supplier, Middle East conflict disruptions, and the planned wind-down of outgoing Jaguar models. Tata Motors PV shares are down about 6 percent YTD in 2026, trading at around Rs 346 with a market cap of nearly Rs 1.28 lakh crore, while Ambit Capital flagged elevated marketing costs and a fragile China recovery as key risks.