Tata Motors Passenger Vehicles share price will be in focus on Monday after the auto major’s British luxury car subsidiary Jaguar Land Rover (JLR) reported its wholesale and retail sales for the fourth quarter of FY26 and the full year ended 31 March 2026.
JLR sales volumes in Q4FY26 rose compared to the prior quarter, as operations recovered and production returned to normal levels following the cyber incident.
Wholesale volumes for the quarter ended March 2026 dropped 14.5% year-on-year (YoY) to 95,300 units (excluding the Chery Jaguar Land Rover China (CJLR) JV), reflecting ongoing challenges in certain markets and the planned wind down of legacy Jaguar models ahead of the new Jaguar launch.
Sequentially, Q4 wholesale volumes increased 61.1%, reflecting a return to normal production levels following the cyber attack.
Compared to the prior year, wholesale volumes for the fourth quarter were down in all markets, aside from Europe, which was up 4.1%. JLR volumes were lower in the UK (-23.1%), North America (-19.0%), China (-29.8%), Overseas (-7.9%) and MENA1 (-2.4%).
For FY26, JLR’s wholesale volumes declined 23.2% YoY to 307,900 units.
Sales of the profit-boosting Range Rover, Range Rover Sport and Defender models came in at 77.1% of the overall sales in January-March, higher than last year’s share of 66.3%. The models are a meaningful contributor to parent Tata Motors Passenger Vehicles’ cash flow.
JLR, Britain’s largest carmaker, is owned by Tata Motors Passenger Vehicles and contributes to 80% of the Indian automaker’s revenue.
JLR Retail Sales
JLR’s retail sales, including its Chinese venture with Chery, rose 16.2% sequentially to 92,700 units, a year-on-year decline of 14.3%. For the year ending March 31, retail sales dropped 17.8% from a year earlier to 352,300 units.
Retail volumes for the fourth quarter were down in all markets compared to the prior year, with the UK down 2.9%, North America down 13.8%, Europe down 6.4%, China down 34.6%, Overseas down 16.2% and MENA1 down 29.6%.
On Thursday, Tata Motors Passenger Vehicles share price ended 0.12% higher at ₹303.25 apiece on the BSE.
