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JLR quarterly sales jump sequentially as production normalises after cyber attack (updated)

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April 2 (Reuters) - Britain's Jaguar Land Rover on Thursday posted a 61.1% surge in fourth-quarter sales as production normalised after a hit from a cyber incident last year.

Over the past year, the Range Rover manufacturer has contended with challenges ranging from uncertainty around global trade policy to a cyber attack that halted production, and most recently, a fire at one of its suppliers.

While the 95,300 units sold to dealers in January-March were a sharp rise from the previous quarter, they were down 14.5% from a year earlier. Full-year volumes were impacted by factors including U.S. tariffs and production stoppages following the cyber incident, JLR said.

Sales of the profit-boosting Range Rover, Range Rover Sport and Defender models came in at 77.1% of the overall sales in January-March, higher than last year's share of 66.3%. The models are a meaningful contributor to parent Tata Motors Passenger Vehicles' cash flow.

JLR, Britain's largest carmaker, is owned by Tata Motors Passenger Vehicles TAMO.NS and makes up close to 80% of the Indian automaker's revenue.

Meanwhile, JLR's retail sales, including its Chinese venture with Chery 9973.HK, rose 16.2% sequentially to 92,700 units, a year-on-year decline of 14.3%.

     For the year ending March 31, sales to dealers fell 23.2%, while retail sales dropped 17.8% from a year earlier.

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

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