JLR to resume operations from October 8 post cyberattack; Tata Motors shares dip 2%

“JLR today announces the latest steps in the phased restart of its operations and the agreement of a new financing solution to support the cash flow of qualifying JLR suppliers, as the business returns to the manufacture of its world‑class vehicles after a cyber incident in early September,” JLR said in a statement.

JLR will begin the phased restart of its manufacturing operations on Wednesday, October 8, starting at the Electric Propulsion Manufacturing Centre (EPMC), where engines are built, and the Battery Assembly Centre (BAC), both located in the West Midlands, UK.

JLR colleagues will also begin to return on Wednesday to the company's stamping operations in Castle Bromwich, Halewood and Solihull, UK, and other key areas of its Solihull vehicle production plant, such as its body shop, paint shop and its Logistics Operations Centre (LOC), which feeds parts to JLR's global manufacturing sites. 

This activity will be closely followed by vehicle manufacturing in Nitra, Slovakia, and the restart of the Range Rover and Range Rover Sport (MLA) production lines in the Solihull facility this week.  

Commenting on the development, Adrian Mardell, Chief Executive Officer of JLR, said, “This week marks an important moment for JLR and all our stakeholders as we now restart our manufacturing operations following the cyber incident. From tomorrow, we will welcome back our colleagues at our engine production plant in Wolverhampton, shortly followed by our colleagues making our world‑class cars at Nitra and Solihull.”

Further updates on the next steps of the controlled, phased restart will follow, including for JLR's Halewood plant on Merseyside.

Separately, JLR is fast-tracking a new financing scheme to provide qualifying suppliers with upfront cash during the production restart phase.

Since the cyber incident, JLR has implemented several measures to support its suppliers, including setting up a dedicated supplier help desk, introducing a manual payment system to settle outstanding invoices, and this week, restoring automated supplier payment systems.

Under the new scheme, qualifying JLR suppliers will receive payments significantly faster than under standard terms, providing a near-term boost to their cash flow. Initially focused on suppliers critical to the production restart, the scheme will later be expanded to include certain non-production suppliers, the company said in the statement.

“Working with a banking partner, this short‑term financing scheme means qualifying JLR suppliers will receive a majority prepayment shortly after the point of order and a final true‑up payment on receipt of invoice. JLR’s typical supplier payment terms are 60 days post invoice, so this scheme accelerates payments by as much as 120 days. JLR will reimburse the financing costs for those JLR suppliers who use the scheme during the restart phase, as the company returns to full production,” it further added.

This move follows steps taken by JLR during September to prudently bolster its liquidity, following the interruption to business since the cyber incident. 

Shares of Tata Motors touched an intraday low of ₹698.15 apiece on the NSE, down 2.03%. At 2:10 PM, the stock was trading 1.75% lower at ₹700.25 per share.

Despite today’s dip, the stock has gained 4% over the past five trading sessions and nearly 21% in the last six months. However, it remains down 6.5% since the beginning of 2025.

Over the past month, Tata Motors shares have inched up just over 1%. The company’s market capitalisation currently stands at ₹2.58 lakh crore.