Tata Motors reports ₹5,500 cr loss due to JLR cyber attack
pre-market1 source ↓written by the desknot a recommendation
- and lost
- 24% revenue decline
- in production
- 50,000 units
Tata Motors Passenger Vehicles Limited reported a consolidated loss of ₹5,500 cr in Q2, primarily due to a cyber attack on Jaguar Land Rover (JLR) that halted production for September. JLR experienced a 24% revenue decline and lost around 50,000 units in production. Despite these challenges, the India passenger vehicle segment showed signs of recovery.
Not investment advice. For informational purposes only.