acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Automotive News Europe — 2026-02-05
Automotive Industry
Tata Motors Passenger Vehicles slumped to a loss in its latest quarter, showing lingering pain at its Jaguar Land Rover unit after a cyberattack shut down production.
The group posted a loss of 34.9 billion rupees ($386 million) for the three months through December, versus a profit of 54.1 billion rupees a year earlier, it said Feb. 5. Revenue fell 26 percent to 701 billion rupees.
JLR, which accounts for nearly two-thirds of Tata Motors’ sales, swung to a pretax loss of £310 million ($421 million).
JLR was forced to halt production for nearly six weeks up to early October, following a cyberattack that cost it $228.5 million in the July-September period. The impact was so severe that the U.K. government was forced to step in with a £1.5 billion loan guarantee to support its struggling suppliers.
Production at Britain’s largest automaker returned to more normal levels only by mid-November, causing deliveries to slump 43 percent in the quarter.
Volumes in the latest quarter declined across all regions, with North America and Europe posting the steepest falls, JLR said. The planned wind-down of legacy Jaguar models ahead of the marques’s relaunch with high performance EVs, a slump in China demand and higher U.S. tariffs also weighed on sales.
JLR sticks to full-year margin target
JLR CEO PB Balaji said the automaker’s performance is expected to improve significantly in the January–March quarter, as the company reiterated JLR’s full‑year margin target of 0 percent to 2 percent.
JLR doesn’t anticipate any extra costs in the current quarter tied to the shutdown, Chief Financial Officer Richard Molyneux told reporters on a call. Plants in Solihull, England and Nitra, Slovakia are now back at full capacity, he said.
Tata Motors recorded exceptional costs of 15.96 billion rupees, including from the cyberattack and related supplier claims, as well as from India’s new labor codes bill.
The company saw some buoyancy in its domestic market after lower consumption taxes in India spurred car sales in the quarter when there’s normally a festival-related spending spree. The vehicle business in India, which was also boosted by the launch of the new Tata Sierra SUV, crossed 200,000 units for the first time.