Jaguar Land Rover (JLR) reported a strong sequential recovery in the fourth quarter of FY26, as production returned to normal levels following the earlier cyber incident, even as full-year volumes remained under pressure due to multiple global challenges.
For Q4 FY26, wholesale volumes stood at 95,300 units, down 14.5% year-on-year, but rising sharply by 61.1% compared to the previous quarter. The recovery reflects improved operations after disruptions in the earlier part of the year. However, volumes continued to decline across most key markets, including the UK, North America, China and other regions, with Europe being the only market to post a growth of 4.1%.
For the full financial year, wholesale volumes were reported at 307,900 units, marking a significant decline of 23.2% compared to FY25. The drop was largely attributed to US tariffs, challenges in the China market, the planned phase-out of legacy Jaguar models, and production disruptions caused by the cyber incident.
On the retail front, JLR recorded Q4 sales of 92,700 units, down 14.3% year-on-year but up 16.2% over Q3 FY26, signalling improving demand momentum. For the full year, retail volumes stood at 352,300 units, a decline of 17.8% compared to the previous year.
Despite the overall decline, JLR continued to see a strong shift towards its premium models. The combined share of Range Rover, Range Rover Sport and Defender rose to 77.1% of wholesale volumes in Q4, highlighting growing demand for its high-end portfolio.
