Tata Motors’ stock experienced significant losses on Thursday, falling by 4 per cent to an intraday low of ₹655.30.

This downturn was primarily attributed to concerns over the cyberattack affecting its UK-based subsidiary, Jaguar Land Rover (JLR). The British luxury carmaker has halted production till October 1, following the cyber attack on August 30.

The closure of its factories throughout September is already impacting suppliers and retailers and is expected to s ignificantly affect both its own performance and that of its parent company , Tata Motors, in the second quarter. According to media reports, the Tata Motors’ arm may face a financial impact of £2 billion without the insurance coverage against the cyberattack.

Meanwhile, Tata Motors on Tuesday announced that its dealers r

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