Cyber Attack, Model Wind-Down Hit JLR Q3 Sales: Wholesale Plunges 43.3%

• JLR's Q3 FY26 wholesale sales fell 43.3% YoY to 59,200 units, retail sales dropped 25.1% YoY to 79,600 units.
• Decline attributed to a cyber incident and planned wind-down of legacy Jaguar models ahead of new launches.
• North America, Europe, and China saw significant wholesale and retail volume drops, while UK had marginal decline.
• Production normalized only by mid-November following the cyber incident, impacting global vehicle distribution.
• Incremental US tariffs on exports also contributed to the sales decline during the quarter.

Why It Matters: JLR's Q3 FY26 sales sharply declined due to a cyber incident and model transitions.