Tata Motors shares surge 1.5%: Here’s why the stock is in spotlight today

The deliveries were led by SUVs, with electric vehicles also showing strong traction, Tata Motors Passenger Vehicles Ltd Managing Director and CEO Shailesh Chandra said in a statement.

“Over the 30-day period from Navratri to Diwali, we have achieved a landmark milestone with over 1 lakh vehicle deliveries, reflecting a robust 33% growth compared to the same period last year,” he said.

Chandra further said, "Our SUVs continue to lead this momentum, with the Nexon registering over 38,000 retails, an impressive 73% growth, while the Punch clocked 32,000 units, growing 29% year-on-year."

The company's EV portfolio also showed strong traction, with over 10,000 EVs retailed during this period, marking a 37% growth, he said.

"Our full portfolio of cars and SUVs has supported this surge further..." Chandra said. The festive performance sets the tone for the rest of the fiscal year, especially as the company gears up for new launches this year, complemented by sustained customer enthusiasm, Chandra added.

JLR cyber-hack is the worst in UK history

The Cyber Monitoring Centre (CMC), an independent non-profit that evaluates cyber events in the UK, has designated the recent cyber-hack of Tata Motors-owned Jaguar Land Rover (JLR) as the most damaging cyber event to hit the UK, causing a financial hit of 1.9 billion pounds to the economy and impacting over 5,000 businesses.

The Cyber Monitoring Centre (CMC) categorised JLR's "malicious cyber incident” as a Category 3 systemic event on its five-point scale. The luxury carmaker, which has not directly commented on the CMC data, has said that it is bringing its stalled operations back online in a phased manner.

“The CMC model estimates the event caused a UK financial impact of 1.9 billion pounds and affected over 5,000 UK organisations," the centre said in a statement.

“The modelled range of loss is 1.6 billion pounds to 2.1 billion pounds, but this could be higher if operational technology has been significantly impacted or there are unexpected delays in bringing production back to pre-event levels. This estimate reflects the substantial disruption to JLR’s manufacturing, to its multi-tier manufacturing supply chain, and to downstream organisations, including dealerships," it stated.

The cyberattack in late August forced a complete shutdown of production through September across the automotive major’s global operations, and it is yet to fully resume its pre-hack schedule.

At 10:15 AM, Tata Motors shares were trading at ₹406 apiece on NSE, gaining 1.03%.