The Tata Motors share price is up 2% in the early trade today after its UK subsidiary Jaguar Land Rover (JLR) announced progress in restoring digital systems that were hit by a cyberattack earlier this month.
The ransomware-driven attack, reportedly linked to the hacker group “Scattered Lapsus$ Hunters”, had forced JLR to halt production, disrupt sales and delay payments to suppliers, with losses estimated at nearly $2.4 billion.
In a fresh update, JLR said its core systems are gradually coming back online, allowing a controlled and phased restart of operations.
JLR’s phased restart: “Foundational work underway”
In a statement on September 25, JLR confirmed that key digital functions have started recovering.
“Sections of our digital estate are now up and running, and the foundational work of our recovery programme is firmly underway,” the company said.
As part of the phased restart, JLR has:
Increased IT capacity for invoicing to clear supplier payments.
Restarted its global parts logistics centre, ensuring retailers can service customer vehicles.
Brought financial systems back online to process vehicle sales and registrations faster, improving cash flow.
“These are important initial steps as our dedicated teams work around the clock alongside cybersecurity specialists, the UK Government’s NCSC and law enforcement to ensure we restart in a safe and secure manner,” the company added.
Fallout of the cyberattack
The cyberattack, which struck early September, disrupted JLR’s production plants in the UK and brought global IT systems to a standstill. Reports suggest potential losses of up to £2 billion (about Rs 2.08 lakh crore), more than JLR’s profit for FY25.
The disruption had already weighed on Tata Motors shares in the last trading session, with concerns over the financial hit and delayed operations.
Focus on customers and partners
JLR in its statement also stressed that its priority remains on supporting customers, suppliers, and retail partners.
“We have informed colleagues, suppliers and retail partners that sections of our digital estate are now up and running. Our focus remains on supporting our customers, suppliers, colleagues and our retailers,” the company said.