Business Update25 Sept 2025, 11:01 pm
Tata Motors Shares Fall 4%: Potential £2 Billion Cyberattack Bill at JLR Higher Than FY25 Profit
AI Summary
Tata Motors has clarified a news item regarding a potential £2 billion cyberattack bill at its subsidiary, Jaguar Land Rover Automotive Plc (JLR). The company has received an official statement from JLR, which is now working to clear the backlog of payments to suppliers and bring its financial system back online for vehicle wholesales. The IT security incidence has significantly impacted JLR's operations, but the company is taking steps to restart in a safe and secure manner, focusing on supporting customers, suppliers, colleagues, and retailers.
Key Highlights
- Tata Motors shares fall 4% due to potential £2 billion cyberattack bill at JLR
- JLR's FY25 profit was lower than the potential cyberattack bill
- JLR is working to clear the backlog of payments to suppliers
- JLR's financial system for vehicle wholesales is now back online
- Company is taking steps to restart operations in a safe and secure manner