Tata Motors has significantly lowered its fiscal 2026 margin forecast for Jaguar Land Rover (JLR) following a cyberattack that disrupted production and ongoing challenges in China.

• JLR now anticipates an operating margin of 0% to 2% for fiscal 2026, a reduction from its previous target of 5% to 7%.
• The luxury carmaker faces falling demand in China and component shortages due to a political standoff affecting chip deliveries from Nexperia B.V.
• A damaging cyberattack in early September halted JLR production for five weeks, resulting in a $228.5 million one-time charge for Tata Motors.