TaMo, TCS stocks slide as JLR woes linger

MUMBAI: A fallout of the cybersecurity breach at the UK factory of auto major Jaguar Land Rover (JLR), the stock price of Tata Motors, JLR’s parent, fell over 2.5% on Thursday. A report in Financial Times said that the British car maker may incur losses aggregating $2 billion due to the attack.Along with Tata Motors, the stock price of TCS, the IT transformation partner for the UK-based auto major, also slid over 2.5% during the day.BSE on Thursday asked Tata Motors to clarify if the expected $2 billion loss is higher than JLR’s FY25 profit, which was about $1.8 billion. The company is yet to respond to the exchange’s query.