JLR was hit by a major cyberattack beginning September last year, which led to weeks of production shutdown and weighed on volumes and financial performance.Jaguar Land Rover’s profit was almost entirely wiped out in FY26 as the British luxury carmaker grappled with the impact of US tariffs, weakening demand in China and a cyberattack that disrupted production for weeks.
The Tata Motors-owned company on Thursday reported a pretax profit of £14 million for the 12 months ended March 2026, sharply lower than £2.5 billion recorded in the previous year.
According to a report by Bloomberg, the steep fall in profitability comes at a time when JLR has been pursuing a major transformation plan, including the relaunch of Jaguar as an all-electric luxury brand. However, the company’s transition plans faced fresh headwinds after US President Donald Trump raised import tariffs in the US — JLR’s largest market.
The pressure has also intensified due to a decline in luxury vehicle demand in China, one of the brand’s key growth markets.
In addition, JLR was hit by a major cyberattack beginning September last year, which led to weeks of production shutdown and weighed on volumes and financial performance.
Despite the sharp year-on-year decline, JLR returned to profitability in the March quarter, recovering from a loss in the previous quarter, indicating progress in stabilising operations after the cyber incident.
The improvement supported Tata Motors’ overall quarterly performance, though earnings were still down from the previous year. JLR contributes nearly two-thirds of Tata Motors’ sales.
JLR chief executive officer P B Balaji, who joined the company from Tata Motors in November, is continuing with the strategy to revive Jaguar,which has paused production until the new generation of electric models is ready.
The company plans to unveil the first new Jaguar model and begin deliveries of the first electric Range Rover later this year.
