Tata Motors PV shares decline even as JLR production normalizes, grows 61% sequentially, after cyberattack

Shares of Tata Motors Passenger Vehicles Ltd. declined on Monday, April 6, after its luxury car unit Jaguar Land Rover (JLR) reported healthy volume growth sequentially.

Growth was aided after production returned to normalcy post the cyberattack that had crippled output for a prolonged period of time.

For the fourth quarter, JLR's volumes increased by 61% from the previous quarter. However, with production still getting back to normalcy, the overall volumes were down 14.5% from the year-ago period.

Range Rover, Range Rover Sport and Defender formed 77.1% of JLR's total volumes.

JLR's fourth quarter contribution was at 77.1% to overall volumes compared to 66.3% in the fourth quarter of the previous fiscal.

Meanwhile, for the entire financial year 2026, volumes declined by 23.2% from the previous year.

The full-year volumes were impacted by:

Tata Motors' JLR unit first took a hit in production in August 2025 when it disclosed of a cyberattack. Reports suggested that the production shutdown had resulted in a loss of £50 million per week.

Reports had also indicated that the lack of insurance meant JLR could be hit with a £2 billion bill, apart from the weekly costs, which was higher than the entire profit it had reported in FY25.

However, it started the phased restart of its manufacturing operations from October 2025.

Shares of Tata Motors PV were down 0.8% at ₹301.55 apiece around 9.20 am on Monday.

Also Read: Three PSU banks that should be on your radar after Q4 business updates