Tata Motors' shares are experiencing a significant downturn today, with the company's stock price dropping nearly 4% to Rs 655.30 on the Bombay Stock Exchange (BSE). This decline comes in the wake of a report that Jaguar Land Rover (JLR), Tata Motors' UK-based subsidiary, has fallen victim to a cyber attack, potentially resulting in a staggering loss of £2 billion (approximately Rs 238.61 billion).

Impact of the cyber attack on JLR

The cyber attack has forced JLR to halt production at several of its manufacturing plants, exacerbating the financial strain on the company. Notably, JLR had not secured cyber insurance coverage for such incidents, further aggravating the financial burden. Initially, production was suspended until September 24, but the shutdown has since been extended until Oc

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