Tata Motors stock falls 1% today after JLR’s Q2 sales drop on cyber incident, model phase-out

Tata Motors Share Price Today

Tata Motors Ltd stock fell as much as 1.3 percent in the opening trade on Wednesday after its UK-based subsidiary Jaguar Land Rover (JLR) reported a sharp decline in second-quarter sales, hit by a cyber incident and the planned wind-down of older Jaguar models.

In the opening trade, Tata Motors shares fell to a low of Rs 688.9, down 1.3 percent from the previous close of Rs 694.90 on the NSE. The stock has dropped around 24 percent over the past year, trading within a 52-week range of Rs 535.75 to Rs 948.45. It currently trades at a price-to-earnings ratio of 9.77 and offers a dividend yield of 0.86 percent.

In its Q2 FY26 update, JLR said wholesales fell 24.2 percent year-on-year to 66,165 units, while retail sales declined 17.1 percent to 85,495 units, reflecting a challenging quarter

Production stoppages following the September cyber incident, along with the phase-out of legacy Jaguar models and incremental US tariffs, weighed on volumes.

Despite these setbacks, the company said Range Rover, Range Rover Sport and Defender models accounted for nearly 77 percent of total wholesales, reflecting continued prioritisation of its most profitable vehicles.

Commenting on the quarter, JLR CEO Adrian Mardell said the company had begun a phased restart of manufacturing operations after the disruption. “We know there is much more to do but our recovery is firmly underway,” he said.

Brokerage firm Nuvama expects JLR’s revenue and EBITDA to decline by 22 percent and 52 percent, respectively, in the second quarter.

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