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What is the story about?
Tata Motors' UK-based luxury subsidiary Jaguar Land Rover (JLR) Ltd., on Tuesday, September 23, said it has extended its pause on production till October 1.
JLR, which continues to be impacted by a recent cybersecurity breach, said it made this decision to give clarity for the coming week. It is looking to build a timeline for the phased restart of its operations.
However, local media has reported that the car production at JLR may not resume until November.
BBC reported that the cyber attack may cost JLR around £5 million a day. It said the hackers struck "at the worst possible time". Introduction of new registration plates in the UK means "September is one of the key selling months," BBC reported.
Telegraph has reported that JLR's suppliers warned that car production may not resume till November.
August 31: JLR is affected by the cybersecurity incident.
September 2: JLR discloses the incident and announces the shutdown of its system.
September 10: JLR releases another statement saying the company is working with cybersecurity specialists to restart global applications. It adds that some data was affected in the cyber incident.
September 16: JLR says it is further extending its pause till September 24 as the forensic investigation of the cyber incident continues.
September 23: JLR says production is now paused till October 1. It says it made this decision to give clarity for the coming week. It is looking at building a timeline for the phased restart of its operations.
Earlier in the day, Tata Motors announced that it had begun the festive season on a positive note, having delivered 10,000 cars on the first day of Navratri and getting over 25,000 inquiries.
Shares of Tata Motors were trading off the day's high, but with gains of 0.6% at ₹700.6.
Also Read: Tata Motors shares gain as festive season begins with 10,000 deliveries and over 25,000 inquiries
JLR, which continues to be impacted by a recent cybersecurity breach, said it made this decision to give clarity for the coming week. It is looking to build a timeline for the phased restart of its operations.
However, local media has reported that the car production at JLR may not resume until November.
BBC reported that the cyber attack may cost JLR around £5 million a day. It said the hackers struck "at the worst possible time". Introduction of new registration plates in the UK means "September is one of the key selling months," BBC reported.
Telegraph has reported that JLR's suppliers warned that car production may not resume till November.
Timeline: From Cybersecurity breach to production pause
August 31: JLR is affected by the cybersecurity incident.
September 2: JLR discloses the incident and announces the shutdown of its system.
September 10: JLR releases another statement saying the company is working with cybersecurity specialists to restart global applications. It adds that some data was affected in the cyber incident.
September 16: JLR says it is further extending its pause till September 24 as the forensic investigation of the cyber incident continues.
September 23: JLR says production is now paused till October 1. It says it made this decision to give clarity for the coming week. It is looking at building a timeline for the phased restart of its operations.
Earlier in the day, Tata Motors announced that it had begun the festive season on a positive note, having delivered 10,000 cars on the first day of Navratri and getting over 25,000 inquiries.
Shares of Tata Motors were trading off the day's high, but with gains of 0.6% at ₹700.6.
Also Read: Tata Motors shares gain as festive season begins with 10,000 deliveries and over 25,000 inquiries
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