Tata Motors PV Shares Dip Despite JLR Production Normalization, 61% Sequential Growth

• Tata Motors Passenger Vehicles Ltd. shares declined on Monday despite Jaguar Land Rover (JLR) reporting healthy sequential volume growth.
• JLR's production normalized after a cyberattack, leading to a 61% increase in volumes from the previous quarter.
• Despite sequential growth, overall volumes were down 14.5% year-on-year as production fully recovers.
• Range Rover, Range Rover Sport, and Defender accounted for 77.1% of JLR's total volumes.
• Full-year 2026 volumes for JLR declined by 23.2% due to US tariffs, China market challenges, legacy model wind-down, and the cyber incident.