Tata Motors PV shares fall 4% after JLR wholesales drop 43% in Q3 after cyberattack

Jaguar Land Rover

• Tata Motors shares fell over 4 percent after JLR Q3 sales numbers were released
• JLR wholesales dropped 43.3 percent YoY in Q3 FY26 to 59,200 units
• Retail sales dropped 25% YoY due to cyberattack and US tariffs affecting exports.

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The shares of Tata Motors Passenger Vehicles dropped more than 4 percent on January 6 after the company released Jaguar Land Rover's wholesale and retail sales numbers for the third quarter of the ongoing FY26.

The shares of the automaker dropped to Rs 360 apiece, snapping a five-session gaining streak.

JLR Q3 update:

Tata Motors PV said that Jaguar Land Rover's (JLR) wholesales fell 43.3 percent year-on-year to 59,200 units in Q3 FY26. Sequentially, the wholesales fell 10.6 percent from Q2 FY26. Compared to the previous year, JLR's wholesale volumes for the third quarter were down in all markets, comprising the UK which was down 0.9 percent, North America down 64.4 percent, Europe down 47.6 percent, China down 46 percent, MENA 1 down 8.5 percent and overseas down 50.4 percent.

"The overall mix of Range Rover, Range Rover Sport and Defender models was 74.3 % of total wholesale volumes in Q3 FY26, up from 70.3% in Q3 FY25 and down from 76.7% in the prior quarter. Wholesale volumes for the financial year to date were 212,600, down 26.6% YoY," the firm said.

Retail sales fell 25 percent YoY and 6.7 percent QoQ to 79,600 units in the October-December quarter of the ongoing financial year 2026.

The company said that production returned to normal levels only by mid -November after the massive cyberattack. Due to this and also the time required to distribute vehicles globally once produced, wholesale and retail volumes reduced on a sequential and annual basis, the company said.

"In addition, the planned wind down of legacy Jaguar models ahead of the launch of new Jaguar, and incremental US tariffs impacting JLR’s US exports, continued to impact volumes," Tata Motors further said.

It is worthy to note that these are provisional numbers. The audited numbers will be released when the company reports its full financial results for Q3 FY 26 in February 2026.

Tata Motors PV share price:

Tata Motors Passenger Vehicles shares gained more than 2 percent in the past five days, and around 6 percent in the past one month. The stock fell nearly 12 percent in the past six months.

The shares of Tata Motors were discovered at a price of Rs 400 apiece on NSE on October 14, marking a drop of 39.5 percent (or Rs 260.75 per share) from its previous closing price after a special pre-open session on stock exchanges.

The stock has so far fallen 10 percent since listing.

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