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Jaguar Land Rover Hack Inflicts $2.5 Billion Blow to UK Economy, Report Finds

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The cyberattack on Jaguar Land Rover (JLR), owned by India’s Tata Motors (TAMO.NS), has cost the UK economy an estimated £1.9 billion ($2.55 billion) and disrupted more than 5,000 organisations, according to a report published Wednesday by the Cyber Monitoring Centre (CMC).

The CMC, an independent body comprising cybersecurity experts including the former head of Britain’s National Cyber Security Centre, described the August attack as “the most economically damaging cyber event to hit the UK.” Most of the financial fallout, it said, stems from lost manufacturing output across JLR and its suppliers.

JLR was forced to halt production for nearly six weeks, affecting its three UK plants that together produce around 1,000 vehicles per day. The company began resuming operations earlier this month, but analysts estimated losses at roughly £50 million per week during the shutdown.

The British government extended a £1.5 billion loan guarantee in September to help JLR stabilize its supply chain and support affected partners. The CMC warned that total losses could climb higher if production takes longer than expected to return to normal levels.

“This incident highlights the scale of vulnerability in interconnected supply chains,” the CMC said, noting that the breach disrupted not only JLR’s assembly lines but also dealerships and logistics providers.

The attack was classified as a Category 3 systemic event — the third-highest severity level on the CMC’s five-tier scale — due to its widespread economic ripple effects.

The report also placed the incident among a series of major British cyber breaches in 2025, including one at Marks & Spencer (MKS.L) in April that caused an estimated £300 million ($400 million) in losses after shutting down its online platform for two months.

JLR declined to comment on the findings but is expected to release its financial results in November. The CMC report, which is funded by the insurance industry, said the event underscores the growing systemic risk cyberattacks pose to the UK’s industrial and economic stability.

Tata Technologies’ Q2 profit rises 5% as non-automotive business offsets auto slowdown

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Tata Technologies (TATE.NS) reported a 5% increase in second-quarter profit on Friday, helped by growth in its non-automotive segments that offset weakness in its core auto-focused business.

The Indian engineering and technology services company, which provides product design, engineering, and manufacturing digitalisation solutions, said net profit rose to 1.66 billion rupees ($19 million) in the three months ending September, up from 1.57 billion rupees a year earlier.

Revenue climbed 2% to 13.23 billion rupees ($150.3 million), driven largely by its smaller technology solutions division, which posted 6.6% growth during the quarter. The company’s services segment, which accounts for 77% of overall revenue, remained flat amid cautious spending from automotive clients.

Tata Technologies, which counts Jaguar Land Rover and Tata Motors among its top customers, has been affected by tariff-driven pressures in the U.S. and Europe that have prompted carmakers to scale back R&D and outsourcing projects, analysts said.

CEO Warren Harris acknowledged that the next quarter could bring “short-term tactical challenges,” but said he expects a strong rebound in Q4 supported by an expanding project pipeline and improving demand trends.

The company’s non-automotive businesses, including aerospace and industrial machinery, continued to show resilience and were key contributors to overall profitability.

Vertu Motors warns of $7.4 million profit hit after JLR cyberattack

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Vertu Motors said it expects up to a 5.5 million-pound ($7.4 million) impact on annual profit following the Jaguar Land Rover (JLR) cyberattack that disrupted operations for nearly six weeks. The British car dealer’s shares fell 3.5% in early trading after the announcement.

JLR, owned by India’s Tata Motors, began restarting its systems this week after the incident crippled parts of its network. Vertu, which operates 10 JLR dealerships across the UK, said about 2 million pounds of the loss occurred in September, and the total effect will depend on how quickly JLR fully restores operations.

“We’re working with our insurers to assess a possible claim under our policy, which covers third-party system outages,” said CEO Robert Forrester.

Vertu noted that, excluding the cyberattack’s impact, it still expects annual pretax profit to align with market forecasts of around 27.2 million pounds. For the six months ending August 31, adjusted profit before tax stood at 20 million pounds, a nearly 10% decline from the previous year.

The incident highlights the growing financial risks of cybersecurity failures in the automotive industry, where interconnected supply chains leave dealerships and manufacturers increasingly exposed.