Tata Motors JLR CEO says in 'good position' to raise funds but does not share resumption timeline
Published on 25/09/2025 01:52 PM
Tata Motors JLR CEO says in 'good position' to raise funds but does not share resumption timelineIn response to the UK Parliament’s Business and Trade Committee on September 24, JLR CEO Adrian Mardell highlighted that JLR has pai of debt worth over £5 billion, and is in a good position to secure additional short-term liquidity.By Hormaz Fatakia September 25, 2025, 1:52:05 PM IST (Published)2 Min ReadThe Tata Group is in close touch with its unit Jaguar Land Rover to offer advise and support in the wake of the recent cyberattack that has halted production at the UK entity for nearly a month and could also potentially result in a bill worth billions.
In response to the UK Parliament’s Business and Trade Committee on September 24, JLR CEO Adrian Mardell highlighted that JLR has pai of debt worth over £5 billion, and is in a good position to secure additional short-term liquidity.
Both Tata Motors and JLR are closely monitoring the company's working capital position.
Reports in the Financial Express earlier highlighted that Jaguar Land Rover could be hit with a £2 billion bill as it failed to secure a cybersecurity insurance. The £2 billion figure is higher than JLR's net profit of £1.8 billion for the full financial year 2025.
JLR also continues to maintain that it is premature to provide a definite impact assessment of the cyberattack as the situation still fluid. The luxury car maker has already halted production till October 1, and is already taking a £50 million hit for every week of stalled production.
"Outstanding payments are intended to be settled in coming weeks as JLR’s capacity for processing payments ramps up. JLR continues to work with supply partners to prioritise payments to those with greatest need," Mardell said.
JLR is an important entity for Tata Motors as it contributes 70% to the company's overall topline.
Shares of Tata Motors have recovered from the lows of the day, having declined as much as 4% on Thursday, but is currently trading 2% lower at ₹668.7.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsJaguar Land RoverJaguar Land Rover (JLR) Indiashare market todayTata MotorsTata Motors share price