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Tamil Nadu chief minister MK Stalin during the inauguration of the Tata Motors passenger vehicles and Jaguar Land Rover (JLR) manufacturing facility, in Panapakkam, Ranipet district, Tamil Nadu. (@CMOTamilnadu/X via PTI Photo) NEW DELHI: Tata Motors Passenger Vehicles Ltd. (TMPV) and its subsidiary Jaguar Land Rover Automotive (JLR) have commenced operations at their new manufacturing…
File photo: Britain’s secretary of state for trade, Peter Kyle (Picture credit: AP) MUMBAI: Jaguar Land Rover, which faced a cyberattack in August that disrupted its production globally, is on course for a recovery. The company announced a phased resumption of operations starting Wednesday. The rebound comes after the UK government extended a 1.5-billion-pound loan…
Moody’s Ratings on Monday changed Tata Motors’ outlook to negative from positive following a cyber attack on its British arm Jaguar Land Rover, which has led to a complete production halt.The rating agency affirmed the Mumbai-based auto major’s Ba1 corporate family rating (CFR). “The outlook change to negative from positive reflects our view that a…
Jaguar Land Rover will get backing from the UK govt for a 1.5-billion-pound ($2 billion) loan aimed at easing the strain on suppliers hit by a production halt at the carmaker that was triggered by a cyberattack.The loan, to be provided by a commercial bank and guaranteed by UK Export Finance, will be repaid over…
