Summary
Jaguar Land Rover (JLR), a major car company, reported increased sales in the last quarter after recovering from a cyber attack that stopped production for five weeks. Despite the recent sales growth, overall sales are still lower compared to last year due to global challenges and winding down older Jaguar models.
Key Facts
- JLR sold 95,300 vehicles to dealers in the three months up to March 31.
- Sales increased by 61.1% compared to the previous quarter.
- Retail sales grew by 16.2% to 92,700 vehicles.
- A cyber attack stopped production at JLR's plants for five weeks starting September 1.
- Current production levels are back to normal.
- JLR had to pause production in Solihull temporarily due to a parts supplier issue.
- Sales are down compared to the same time last year, partly due to US tariffs and market challenges in China.
- Year-on-year retail sales fell by 14.3% and sales to dealers dropped by 14.5%, including a 23.1% decrease in the UK.
