The Exchange has sought clarification from Tata Motors Limited with respect to recent news item captioned Tata Motors shares fall 4% as potential 2 billion cyberattack bill higher than JLR FY25 profit. The response from the Company is awaited.
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The NSE has asked Tata Motors to clarify a recent news report claiming that a potential $2 billion cyberattack-related cost could be higher than JLR's (Jaguar Land Rover) FY25 profit. The news item triggered a roughly 4% fall in Tata Motors shares. JLR is a key subsidiary of the Tata Motors group, making any such cost figure material to the parent company. Tata Motors has not yet submitted its official response to the exchange. Investors are awaiting the company's clarification to assess the actual impact, if any, on the business.
The stock may stay volatile until Tata Motors issues a formal response clarifying the cyberattack cost estimate. Retail investors should avoid knee-jerk reactions and wait for the company's official statement before making any investment decision.