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JLR Working With Supply Partners To Prioritise Payments: Tata Motors CFO

JLR Working With Supply Partners To Prioritise Payments: Tata Motors CFO
JLR’s cyberattack halts production, hits Tata Motors shares. (Photo Source: JLR)

Tata Motors owned Jaguar Land Rover (JLR) has reassured partners and investors following a significant cyber-attack that has crippled production at the British luxury carmaker. In a letter to the UK Business and Trade Committee, Tata Motors Group CFO P.B. Balaji on Tuesday confirmed JLR is "fully empowered" to manage the crisis and that the wider Tata Group is providing close support.

Balaji addressed the ongoing fallout from the cyber-attack, cautioning that it is "too premature to provide a definitive impact assessment" as the situation remains fluid. However, he stated that as Tata Group of companies, they are in close touch with JLR to offer advice and support.

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