Tata Motors shares skid 4% on fears £2 bn cyberattack bill could outweigh JLR’s FY25 profit

Shares of Tata Motors extended their losing streak for the second consecutive session on Thursday, falling another 4% amid fresh reports that its U.K.-based subsidiary, Jaguar Land Rover (JLR), may face a £2 billion hit due to the recent cyberattack.

According to media reports, JLR is likely to incur a £2 billion bill as the company was not insured against the cyberattack, a potential loss that could exceed its entire profit for the previous financial year. It luxury car maker reported a profit after tax of £1.8 billion for the financial year 2025-26.

The cyberattack has forced Britain’s luxury carmaker to extend its production halt till October 1. The company had initially suspended operations until September 24, but later extended the shutdown by a week.

While JLR has not officially disclosed the financial impact of the production halt, a BBC report suggests the company is losing about £50 million (or $68 million) each week, with many of its 33,000 employees asked to stay home until the issue is resolved.

The exchange has also sought clarification from Tata Motors on the matter. “The exchange has sought clarification from Tata Motors Ltd on September 25, 2025, with reference to news reports published on CNBC-TV18 dated September 25, 2025, titled ‘Tata Motors shares fall 4% as potential £2 billion cyberattack bill higher than JLR FY25 profit’,” the company said in a BSE filing.

Reacting to the news, shares of Tata Motors dropped 4% to hit an intraday low of ₹655.30 on the BSE today. On Wednesday, the auto heavyweight ended 2.67% lower at ₹682.75.

At the time of reporting, Tata Motors shares were trading 2.68% lower at ₹664.45, with a market capitalisation of ₹2.44 lakh crore. The counter touched its 52-week high of ₹1,000 on September 27, 2024, and a 52-week low of ₹542.55 on April 7, 2025.

In the last one month, Tata Motors shares have fallen over 3%, while it lost 6.5% in six months and 31% in the past one year. In the calendar year 2025, the auto stock has delivered a negative return of over 11%.

Last week, JLR disclosed today that it had been hit by a cyber attack. The luxury carmaker said it extended the current pause in production until September 24, 2025, as the investigation into the early-September cyber incident remains ongoing.

According to the company, the decision was taken as its forensic investigation of the cyber incident continues, while it considers the different stages of the controlled restart of its global operations, which will take time.

“We are very sorry for the continued disruption this incident is causing and we will continue to provide updates as the investigation progresses,” it added.

On September 2, JLR first disclosed that a cyber incident had affected its operations. It confirmed that some of its data had been stolen in a cyber attack amid a prolonged shutdown of its factories in the United Kingdom.