Tata Motors’ JLR posts quarterly volume drop after cyber incident

(Reuters) -Tata Motors-owned Jaguar Land Rover said on Tuesday that its second-quarter wholesale and retail volumes declined 24.2% and 17.1%, respectively, after a nearly six-week shutdown following one of Britain’s most disruptive and high-profile cyber attacks.

“In the first two months our performance was robust and in line with our expectations, against the backdrop of the planned wind down of legacy Jaguar models and the impact of incremental US tariffs,” top boss Adrian Mardell said.

All markets were impacted in the quarter but the UK was impacted the most due to the planned wind down of legacy Jaguar models and the cyber incident.

JLR was already struggling this year, with a near 11% quarterly sales drop in July, due, in part, to a temporary pause in shipments to the U.S. after the Donald Trump administration imposed tariffs on all car imports.

JLR said its engines and battery units would restart work on Wednesday, as will parts of its vehicle production plant including its body shop and paint shop, resulting in the return of some of its 33,000 staff to work.

(Reporting by Urvi Dugar; Editing by Harikrishnan Nair and Mrigank Dhaniwala)

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