Tata Motors PV Shares Plunge 4% as JLR Sales Drop 43% Post-Cyberattack

• Tata Motors PV shares dropped over 4% on January 6 following the release of Jaguar Land Rover's (JLR) Q3 FY26 sales figures.
• JLR's wholesale volumes plummeted 43.3% year-on-year to 59,200 units in Q3 FY26, and retail sales fell 25% YoY to 79,600 units.
• The significant decline in JLR sales is primarily attributed to a cyberattack that disrupted production, with normal levels resuming only by mid-November.
• Wholesale volumes decreased across all markets, including North America (-64.4%), Europe (-47.6%), and China (-46%).
• Other contributing factors include the planned wind down of legacy Jaguar models and incremental US tariffs impacting JLR’s US exports.

Why It Matters: Tata Motors PV shares fell sharply due to JLR's Q3 sales slump, largely caused by a cyberattack.