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 attached.
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Awaiting price reaction for this filing.
Tata Motors has filed a clarification with the stock exchanges in response to a news article stating that Tata Motors shares fell 4% on reports of a potential £2 billion cyberattack bill at its UK subsidiary Jaguar Land Rover (JLR), which would be higher than JLR's FY25 profit. The company confirmed it has received an official statement from JLR on September 25, 2025, following its earlier disclosure on September 1, 2025, of an IT security incident at JLR. The full text of JLR's statement has been attached to the filing and described as 'self-explanatory'. Tata Motors has committed to disclosing all further material developments related to the incident.
Negative near-term sentiment for shareholders — the potential financial impact on JLR could be material relative to its FY25 profit, which is why the stock already fell 4%. Investors should watch for further disclosures on actual recovery costs, insurance coverage, and production disruptions at JLR.