JLR sales decline in Q1 FY26 due to model transition and US tariffs
Jaguar Land Rover (JLR) reported a 10.7% decline in wholesale volumes for Q1 FY26, with 87,286 units sold. Legacy Jaguar models were paused for the launch of new electric vehicles in 2026. Shipments to the US halted due to import tariffs, impacting sales. The company plans to release full financial results in August.
Sales in MENA increased by 20.5%, but North America, Europe, and the UK saw declines in Q1 FY26. Retail sales, including the China JV, dropped by 15.1% YoY. Range Rover, Range Rover Sport, and Defender models made up 77.2% of total sales. JLR adjusted its FY26 EBIT margin forecast to 5%-7% due to global uncertainties.
JLR ceased production of XE, XF, F‑TYPE, I‑PACE, and E‑PACE models to shift to electric vehicles by 2026. Wholesale volumes fell by 21.7% from Q4 FY25, impacting overall sales. The company operates manufacturing facilities in multiple countries and plans to focus on electric propulsion technology.
Read more at Yahoo Finance: JLR Q1 FY26 sales decline amid model transition and US tariffs