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3h ago

JLR Restarts Production After Cyber Incident as Q2 Volumes Slide, Tata Motors Shares Fall

Investors react as JLR’s cyber-hit quarter distorts the picture for newly demerged Tata Motors.

Tata Motors Share Price
At the closing bell, the Sensex slipped 153.09 points, or 0.19 per cent, to end at 81,773.66, while the Nifty50 declined 62.15 points, or 0.25 per cent, to settle at 25,046.15.
Tata Motors shares in focus as JLR Q2 sales drop post cyber attack; all you need to know

Overview

  • JLR reported Q2 FY26 wholesale volumes of 66,165 units (down 24.2% year on year) and retail sales of 85,495 units (down 17.1%).
  • Manufacturing is restarting in phases at the Electric Propulsion Manufacturing Centre and Battery Assembly Centre, supported by a new facility that prepays a majority of qualifying supplier invoices shortly after order.
  • CEO Adrian Mardell said the restart follows the recent cyber incident that disrupted operations.
  • Tata Motors shares fell 2.41% to close at Rs 681.30 as markets weighed the JLR update, with the broader indices also ending lower on Wednesday.
  • The demerger became effective on October 1 and Tata Motors allotted 56,720 shares under its LTIP on October 7, while September total sales rose 35.6% year on year to 96,769 units as reports of strains at Tata Trusts added to investor caution.