Big Shock to Tata Motors! 21,000 Crore Could Sink in Minutes

Tata Motors Shares: Tata Motors is likely to face a major loss of 21,000 crore rupees. In reality, this crisis has arisen due to a cyber attack on the company's subsidiary Jaguar Land Rover (JLR).

Production has come to a halt at JLR's West Midlands and Merseyside factories in Britain. As a result, the company has suffered a loss of £2 billion, which is approximately 21,000 crore rupees. This is impacting Tata Motors' shares, and concerns are mounting among investors.

At the end of August, a cyber attack struck JLR's computer systems. Hackers breached the system, causing operations in the factories to slow down. JLR typically produces around 1,000 vehicles daily, but production has now been stopped for weeks.

The most critical point is that the company did not have cyber insurance coverage.JLR was in the process of obtaining insurance, but the attack occurred before that could be finalized. T

his was revealed by the industry journal The Insurer. In April, a similar attack targeted Marks & Spencer, but they had insurance, which helped minimize the damage. JLR now has to bear the entire loss on its own.

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