Q2 FY27 wholesale volumes 82,400 units, retails 79,000; UK and Overseas growth offsets China, Middle East

JLR, a wholly owned subsidiary of Tata Motors Passenger Vehicles Ltd, reported wholesale and retail volumes for Q2 FY27, the three months ended 30 September 2026.

Sat 3 Oct 2026

Wholesales Q2 FY27

82,400 units, against 79,288 in Q1 FY27 and 66,165 in Q2 FY26

Retails Q2 FY27

79,000 units, against 79,892 in Q1 FY27 and 85,371 in Q2 FY26

Model mix (wholesales)

Range Rover, Range Rover Sport and Defender were 77.6% of wholesale volumes, up from 76.7%.

Reporting period

Q2 FY27, the three months ended 30 September 2026

Regional trend

UK and Overseas markets improved, while conditions remain challenging in China and the Middle East.

JLR, a wholly owned subsidiary of Tata Motors Passenger Vehicles Ltd, reported wholesale and retail volumes for the second quarter of FY27, the three months ended 30 September 2026.

What wholesale and retail mean

• Wholesale volumes are vehicles sold by JLR to its dealers and distributors.
• Retail volumes are vehicles sold by dealers to end customers.

Both are unit volumes, not revenue or profit.

Volumes at a glance

• Total wholesales: 82,400 units in Q2 FY27, against 79,288 in Q1 FY27 and 66,165 in Q2 FY26.
• Total retails: 79,000 units in Q2 FY27 (including CJLR volumes), against 79,892 in Q1 FY27 and 85,371 in Q2 FY26.

The release says the year-on-year improvement in wholesale volumes reflects recovery from the cyber incident last year, and that the impact of that incident on retail volumes was felt later in FY26 as retailer inventories became depleted in subsequent months.

Where the wholesale volumes came from

• UK: 21,000 in Q2 FY27, against 16,255 in Q1 FY27 and 12,327 in Q2 FY26.
• North America: 27,100, against 27,232 and 17,879.
• Europe: 13,200, against 12,514 and 10,491.
• China Region: 6,100, against 8,660 and 11,370.
• MENA: 3,700, against 5,112 and 3,210.
• Overseas: 11,300, against 9,515 and 10,888.

Retails in Q2 FY27

• UK 18,500, North America 24,800, Europe 12,700, China Region 6,300, MENA 5,300, Overseas 10,500, CJLR 900.
• For comparison, Q1 FY27 retails were UK 15,691, North America 24,376, Europe 14,249, China Region 7,734, MENA 3,406, Overseas 9,101, CJLR 5,335.
• Q2 FY26 retails were UK 14,171, North America 22,918, Europe 13,880, China Region 10,604, MENA 5,259, Overseas 11,122, CJLR 7,417.

The release states UK and Overseas markets showed improvement, while conditions in China remain challenging. In the Middle East, ongoing disruption impacted wholesales quarter-on-quarter, but retail volumes indicate underlying demand is still strong. Volumes in the US remain steady and continue to represent about a third of total wholesales.

Model mix (wholesales)

• Range Rover 44,900, Defender 29,500, Discovery 7,200, Jaguar 800 in Q2 FY27.
• Range Rover 38,796, Defender 21,300, Discovery 4,550, Jaguar 1,519 in Q2 FY26.

Model mix (retails)

• Range Rover 43,300, Defender 29,500, Discovery 5,400, Jaguar 800 in Q2 FY27.
• Range Rover 47,196, Defender 25,370, Discovery 5,895, Jaguar 6,910 in Q2 FY26.

The Range Rover, Range Rover Sport and Defender model mix was 77.6% of total wholesale volumes in Q2 FY27, up from 76.7% in Q2 FY26.

What the release says is affecting the numbers

• Retail volumes in China were largely impacted by the cessation in June 2026 of vehicles produced locally by the CJLR joint venture.
• The highly anticipated launch of Jaguar Type 01 in New York on 6 October follows a planned wind down of outgoing Jaguar models over the past year.

Points to keep in mind

• Volume data for Q2 FY27 is rounded to the nearest hundred units and is provisional; additional detailed volume data will be available by 7 October 2026 on the Investor Relations pages of the JLR website, and will provide the confirmed volumes for the quarter.
• JLR will report its second quarter financial results for the period ended 30 September 2026 in November 2026.
• Volume numbers indicate demand; revenue, margins and profitability are reported separately in the financial results.

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