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Jaguar Land Rover faces a major cyberattack, risking a £2 billion loss and extended production halt at UK factories. Tata Motors Limited shares fell 2.62 percent to Rs 683.
Tata Motors shares in focus after JLR suffered one of the biggest cyberattacks.
Tata Motors Share Price: Tata Motors Limited’s shares fell 4 per cent intraday on Thursday, September 25, after its unit Jaguar Land Rover was hit by a major cyberattack that could potentially wipe out an amount equal to its entire profit for FY25.
Shares of Tata Motors were trading at Rs 662.55 per share with a drop of 3 per cent around 11:15 am, against the previous day close at Rs 682.95 apiece.
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.
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.
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.
JLR has confirmed that its factories – including its UK facilities in Solihull, Halewood and Wolverhampton – won’t resume operations until at least 1 October, according to BBC report.
Some fears that JLR suppliers won’t survive this extended halt without any external support.
“Our focus remains on supporting our customers, suppliers, colleagues, and our retailers who remain open,” JLR said in a statement confirming the shutdown extension.
The luxury carmaker, has three factories in Britain, which together produce about 1,000 cars per day. The company is losing 50 million pounds ($68 million) a week, according to the BBC, with many of its 33,000 staff told to stay at home.
Tata Motors Limited’s shares dropped 2.62 per cent on Wednesday to settle at Rs 683 apiece.
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 25, 2025, 08:48 IST
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