"Brit luxury automaker Jaguar Land Rover has reported devastating preliminary Q3 results that lay bare the cascading consequences of a crippling cyberattack, revealing wholesale volumes collapsed more than two-fifths year-on-year. Wholesale units tumbled to just 59,200 in the three months ended December 31, the third quarter of JLR's fiscal 2026, a whopping 43.3 percent decline. Retail sales shrank 25.1 percent to 79,600 units."
"At the heart of JLR's troubles lies a September cyber break-in that halted production for weeks, creating ripples through the company's global supply chain and costing the Tata Motors-owned biz and the UK economy a big chunk of change. "Volumes in [the] quarter [were] initially impacted by production stoppages following [the] cyber incident and time required to distribute vehicles globally after production restart," the automaker said in a statement. Manufacturing didn't return to normal levels until mid-November, leaving JLR scrambling to distribute vehicles to dealers worldwide even as the quarter drew to a close."
"The company's deliberate wind-down of legacy Jaguar models ahead of new lines also served to drain volumes throughout the quarter, and recently imposed US tariffs on JLR exports dealt another blow, it said. The carnage was global: North America saw wholesale volumes crater by an eye-watering 64.4 percent; Europe fared little better with a 47.6 percent decline; China, the world's largest automotive market, contracted 46 percent. Even the relatively stable UK market couldn't escape unscathed, albeit posting the smallest decline at just 0.9 percent. Retail sales told a similar tale."
"Caught in the grip of the digital burglary, which Scattered Lapsus$ Hunters claimed responsibility for, JLR got 3.5 billion in financial support from the UK government to aid its recovery and help companies in the supply chain as JLR struggled to bring its invoicing system online."
Jaguar Land Rover's preliminary Q3 wholesale volumes fell to 59,200 units, a 43.3% year-on-year decline, while retail sales dropped 25.1% to 79,600 units. A September cyber break-in halted production for weeks, disrupting the global supply chain and delaying vehicle distribution, with manufacturing not returning to normal until mid-November. A deliberate wind-down of legacy Jaguar models and newly imposed US tariffs further reduced volumes. Regional wholesale declines included North America (-64.4%), Europe (-47.6%), China (-46%), and the UK (-0.9%). Scattered Lapsus$ Hunters claimed responsibility. The UK government provided 3.5bn in financial support to aid recovery and supply-chain firms.
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