JLR sales roar back: Jaguar Land Rover posts 61% jump in Q4 as production recovers from cyber setback

Britain’s Jaguar Land Rover ​on Thursday posted a ​61.1% surge in fourth-quarter sales as production ​normalised after a hit from a cyber incident last year.

Over the past year, the Range Rover manufacturer has contended with ‌challenges ⁠ranging from ⁠uncertainty around global trade policy to a cyber attack ​that halted production, and most recently, a fire at one of ​its suppliers.

While the 95,300 units sold to dealers in January-March were a sharp rise from ​the previous quarter, they were ⁠down 14.5% from ‌a year earlier. Full-year volumes ​were impacted ​by factors including U.S. tariffs and ⁠production stoppages following the cyber incident, JLR said.

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Sales ​of the profit-boosting Range Rover, Range ​Rover Sport and Defender models came in at 77.1% of the overall sales in January-March, higher than last year’s share of 66.3%. The models are a meaningful contributor to parent Tata ‌Motors Passenger Vehicles’ cash flow.

JLR, Britain’s largest carmaker, is owned by Tata Motors Passenger Vehicles ​and ​makes up close ⁠to 80% of the Indian automaker’s revenue.

Meanwhile, JLR’s retail sales, including its Chinese venture with Chery, rose 16.2% ​sequentially to 92,700 units, a year-on-year decline of 14.3%.

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For the year ending March 31, sales to dealers fell 23.2%, while retail sales dropped 17.8% from a year earlier.