Mumbai, January 6, 2026
Shares of Tata Motors Passenger Vehicles Limited traded sharply lower in early deals on Tuesday after its luxury arm Jaguar Land Rover reported a steep decline in wholesale and retail volumes for the December quarter, reflecting production disruptions and portfolio transition headwinds.
The stock was trading at ₹362.35, down ₹11.20 or 3.00 percent, as of 09:31 IST, compared with the previous close of ₹373.55. The counter opened weaker at ₹371.50, touched an intraday high of ₹371.50, and slipped to a low of ₹360.00 during the session. The volume-weighted average price stood at ₹364.96, indicating sustained selling pressure through the morning.
What Drove the Decline
Investor sentiment turned cautious after Jaguar Land Rover posted a sharp year-on-year contraction in Q3 FY26 volumes. Wholesale sales fell over 40 percent, while retail volumes declined by about a quarter, impacted by production stoppages following a cyber incident and the time required to normalise global distribution. The planned wind-down of legacy Jaguar models ahead of the new Jaguar launch phase also weighed on volumes, alongside higher tariffs affecting exports to the US market.Markets reacted negatively to the magnitude of the decline, with concerns around near-term earnings visibility and volume recovery despite management indicating that production returned to normal levels by mid-November.
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