Jaguar Land Rover (JLR), the luxury vehicle arm of Tata Motors, reported an 10.7% year-on-year decline in wholesales to 87,286 units in the first quarter of FY26, in line with expectations amid a planned wind-down of older Jaguar models and disruption due to new US tariffs.Retail sales also fell 15.1% YoY to 94,420 units, reflecting the broader challenges faced during the quarter. Compared to the March quarter (Q4 FY25), wholesales were down 21.7%, while retail volumes dropped 12.8%.
The UK was the most impacted market, with wholesales falling 25.5% YoY due to the cessation of Jaguar XE, XF and F-TYPE production in May 2024 as part of JLR’s EV transition.
North America and Europe also registered declines of 12.2% and 13.6% respectively. In contrast, volumes rose in the MENA region (20.5%), Overseas markets (4.6%), and China (1%).Also Read: Titan’s Q1 lifted by 49% jump in international biz; gold volatility weighs on jewellery growth
The UK was the most impacted market, with wholesales falling 25.5% YoY due to the cessation of Jaguar XE, XF and F-TYPE production in May 2024 as part of JLR’s EV transition.
North America and Europe also registered declines of 12.2% and 13.6% respectively. In contrast, volumes rose in the MENA region (20.5%), Overseas markets (4.6%), and China (1%).Also Read: Titan’s Q1 lifted by 49% jump in international biz; gold volatility weighs on jewellery growth
Despite the volume dip, JLR continued to prioritise high-margin vehicles. The combined share of Range Rover, Range Rover Sport, and Defender models rose to 77.2% of total wholesales—up from 66.3% in the previous quarter and 67.8% a year ago—signalling a sharper premium tilt in its portfolio.
The company attributed the US sales slowdown to a temporary pause in shipments during April after fresh import tariffs came into effect. JLR’s financial results for the quarter will be announced in August.
Shares of Tata Motors closed flat at ₹688.50 on the NSE ahead of the Q1 update.
