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Tata Motors shares rose after Jaguar Land Rover, hit by a cyberattack, secured a £1.5 billion UK government-backed loan to aid suppliers and plans a phased restart of operations.
Tata Motors shares in focus after JLR suffered one of the biggest cyberattacks.
Tata Motors Share Price: Tata Motors shares will be in spotlight on Monday, September 29, after its cyberattack-hit unit Jaguar Land Rover is expected to get a respite from the UK government in a £1.5 billion ($2 billion) loan to ease the strain on suppliers, according to Bloomberg report.
JLR suffered a cyberattack at the end of August, which forced it to shut down its IT networks and halt production. It has extended the shutdown until next month, and the production of cars will remain suspended.
The Financial Times report states that JLR is likely to hit with a £2 billion as it was not insured against the cyberattack, leading to operational disruption and financial losses. This indicates that the cyberattack could wipe out an amount equal to its entire profit for FY25 for JLR.
The automaker failed to finalise a cyber insurance deal brokered by Lockton ahead of the incident, and appears to be uninsured directly for the attack, as per Reuters report.
If JLR takes a £2 billion hit, combined with the losses from its ongoing production shutdown, the impact would exceed its FY25 Profit After Tax of £1.8 billion.
The UK government on Saturday said Jaguar Land Rover will repay the £1.5 billion loan, arranged through a commercial bank and backed by UK Export Finance, over the next five years, the Bloomberg report added. The Labour administration had also been weighing measures to aid suppliers impacted by the recent cyberattack, which disrupted operations, delayed payments, and left some vendors temporarily sending workers home. JLR, Britain’s biggest carmaker, directly employs 34,000 people in the country, with another 120,000 jobs linked to its vast supply chain network.
Tata Motors Limited’s shares ended 1.45 per cent higher to Rs 673.95 apiece, after JLR announced a phased restart of its operations.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 28, 2025, 11:06 IST
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