JLR Volumes Rebound Sequentially in Q4, Still Down Year-on-Year

• Jaguar Land Rover (JLR) reported a recovery in Q4 FY26 wholesale and retail volumes after a cyber incident.
• Wholesale volumes in Q4 FY26 were 95,300 units, up 61.1% sequentially but down 14.5% year-on-year.
• Full-year FY26 wholesale volumes totaled 307,900 units, a 23.2% decline from FY25 due to tariffs, China market challenges, and model transitions.
• Range Rover, Range Rover Sport, and Defender models comprised 77.1% of Q4 wholesale volumes, an increase from previous periods.
• Retail sales for Q4 FY26 were 92,700 units, down 14.3% year-on-year but up 16.2% quarter-on-quarter.