Latest results from Jaguar Land Rover for Q3 showed the damage caused by the cyber-attack late last year.
Pre-tax losses surged to -£310m for Q3 and -£444m year-to-date on revenues of £4.5bn (-39%) and £16bn (-24%) respectively.
JLR said volumes also impacted by the planned wind down of legacy Jaguar models ahead of new Jaguar launch, a deterioration of market conditions in China and the negative impact of US tariffs on exports.
It added that its business was “well positioned” for significantly improved performance in Q4
JLR CEO PB Balaji, chief executive said production had returned to normal levels by mid-November.
“Q3 was a challenging quarter for JLR with performance impacted by the production shutdown we initiated in response to the cyber incident, the planned wind down of legacy Jaguar and US tariffs.
“Thanks to the commitment of our dedicated teams, we returned vehicle production to normal levels by mid-November, and we are focused on building our business back stronger.
“While the external environment remains volatile, we expect performance to improve significantly in the fourth quarter and we have clear plans to manage global challenges. We have a resilient business and remain focused on transformation.
“2026 is set to be an exciting year for JLR as we develop our next generation vehicles, including the launch of the Range Rover Electric and the unveiling of the first new Jaguar.”
