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Informist, Monday, Oct. 27, 2025

 

--UK Govt: To support JLR through provision of guarantee for commercial loan

 

MUMBAI – The UK government has extended support to Tata Motors Ltd.'s UK-based subsidiary Jaguar Land Rover to help mitigate the impact of a major cyberattack it faced in September. "The UK government has instructed UK Export Finance to back Jaguar Land Rover with a guarantee for a commercial loan to help manage the impact of a recent cyber-attack," the UK government said in a press release Monday. Jaguar Land Rover had sought capital support of up to 1.5 billion pound sterling for five years from UK government.

 

"This is to confirm that I am formally directing you as Accounting Officer to proceed with support for JLR. I recognise that a contingent liability of up to £1.5 billion could be involved as a consequence of this transaction," Peter Kyle, UK's secretary of state for the department of business and trade, said in a letter to UK export finance.

 

"JLR is one of the UK's largest exporters, a major employer (employing 34,000 directly in its UK operations), and a leading global brand in one of our Modern Industrial Strategy's growth sectors. It also operates the largest supply chain in the automotive sector, much of it made up of SMEs (small and medium enterprises), and employing around 120,000 people," Kyle noted.

 

Jaguar Land Rover was left wanting for UK government's support after a major cyberattack forced the company to halt production for five weeks. The automaker has since resumed production at its manufacturing plants, although in a staggered manner. The disruption was so severe that UK's car production in September dropped to its lowest since 1952, even worse than during the COVID-19 lockdown, according to recent reports from local news outlets

 

The luxury carmaker is fully owned by Indian automotive giant Tata Motors Passenger Vehicles Ltd. On Monday, shares of the company closed 1.7% higher at INR 410.05 on the National Stock Exchange.  End

 

Reported by Anand JC

Edited by Subhojit Sarkar

 

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