In a slight relief, the luxury car maker announced Friday a phased restart of its operations after a cyberattack halted production for almost a month. Shares of Tata Motors jumped 2 per cent to their day’s high of ₹685.95 on the BSE on Monday, September 29, after its UK subsidiary JLR secured a £2 billion… Continue reading Tata Motors shares rise 2% as JLR bags £2 billion loan, slew of management changes
Tag: JLR
JLR Begins Phased Restart After Major Cyber Incident
Jaguar Land Rover has begun a phased restart of its manufacturing operations following a major cyber incident that disrupted production earlier this month, Tata Motors told stock exchanges in an update on Monday. In its latest statement, JLR confirmed that it has moved into a recovery phase and begun a controlled restart of select manufacturing… Continue reading JLR Begins Phased Restart After Major Cyber Incident
JLR Begins Phased Restart After Major Cyber Incident
Jaguar Land Rover has begun a phased restart of its manufacturing operations following a major cyber incident that disrupted production earlier this month, Tata Motors told stock exchanges in an update on Monday. In its latest statement, JLR confirmed that it has moved into a recovery phase and begun a controlled restart of select manufacturing… Continue reading JLR Begins Phased Restart After Major Cyber Incident
Chery Tiggo 8 SUV design patented in India
Chinese carmaker Chery Automobile has filed design patents for the Tiggo 8 SUV. Images of the SUV, which have surfaced on the Indian patent database, show the Tiggo 8 in its latest international avatar – a large, three-row SUV that sits above the likes of the Hyundai Alcazar, Tata Safari and Mahindra XUV700 in terms… Continue reading Chery Tiggo 8 SUV design patented in India
@Tata-JLR: Statement on Cyber Incident
As the controlled, phased restart of our operations continues, we are taking further steps towards our recovery and the return to manufacture of our world‑class vehicles. Today we are informing colleagues, retailers and suppliers that some sections of our manufacturing operations will resume in the coming days. We continue to work around the clock alongside cybersecurity… Continue reading @Tata-JLR: Statement on Cyber Incident
NRL Recycling Acquires Tycod Autotech for INR 240 Million
NRL Recycling Limited, a recycling and waste management company, has acquired Tycod Autotech Pvt Ltd in an all-cash transaction valued at INR 240 million as part of its strategy to move up the value chain from scrap processing to aluminium alloy production and precision-engineered automotive components manufacturing. The acquisition represents a forward integration move that… Continue reading NRL Recycling Acquires Tycod Autotech for INR 240 Million
Tata Power and VE Commercial Vehicles Partner to Boost Electric CV Adoption in India
In a significant move to accelerate India’s transition to electric commercial mobility, Tata Power EV Charging Solutions Limited (TPEVCSL) and VE Commercial Vehicles (VECV) have announced a strategic collaboration aimed at supporting truck and bus operators in their shift to electric vehicles. The partnership, formalized through a memorandum of understanding, will initially focus on VECV’s… Continue reading Tata Power and VE Commercial Vehicles Partner to Boost Electric CV Adoption in India
VIDEO-‘Hydrogen Is Key to Cutting 85% Oil and 45% Gas Imports’: Cummins India Vice President
Nitin Jirafe, Vice President – Engine Business, Cummins India and Managing Director, Tata Cummins, talks about how India’s commercial vehicle industry is navigating the energy transition. In this wide-ranging conversation, Jirafe outlines the need to reduce 85% oil and 45% gas imports, positions hydrogen as the most promising route to energy independence, and explains why… Continue reading VIDEO-‘Hydrogen Is Key to Cutting 85% Oil and 45% Gas Imports’: Cummins India Vice President
‘Moral hazard’ warning after £1.5bn government loan guarantee for JLR
Premium Digital Complete coverage $75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. Global news & analysis Expert opinion FT App on Android & iOS FT Edit: Access on iOS and web FirstFT: the day’s biggest stories 20+ curated newsletters Follow… Continue reading ‘Moral hazard’ warning after £1.5bn government loan guarantee for JLR
UK government will underwrite £1.5bn loan guarantee to Jaguar Land Rover after cyber-attack
A member of staff works on the production line at Jaguar Land Rover’s factory in Solihull. Photograph: Phil Noble/Reuters View image in fullscreen A member of staff works on the production line at Jaguar Land Rover’s factory in Solihull. Photograph: Phil Noble/Reuters UK government will underwrite £1.5bn loan guarantee to Jaguar Land Rover after cyber-attack… Continue reading UK government will underwrite £1.5bn loan guarantee to Jaguar Land Rover after cyber-attack