India's Tata Motors extends losses on JLR cyber attack concerns

Shares of Tata Motors TAMO.NS fell 1.9% to 670.25 rupees, extending losses from previous session

Stock down 4.4% in the two sessions

Co's luxury car unit, Jaguar Land Rover (JLR), will likely bear the full cost for a damaging cyber attack - which led it to shutdown operations - costing billions of pounds in lost revenues and profit, the Financial Times reports

Tata Motors did not immediately respond to a Reuters' request for comment

It later extended the closure of its factories until October 1, Reuters reported earlier this week

TAMO is the top drag on the Nifty auto index .NIFTYAUTO - down 0.5%

Stock is the biggest percentage loser on Nifty 50 .NSEI, which was flat

Stock rated "hold" on avg, median PT at 720 rupees - data compiled by LSEG

Stock is down ~9% so far in 2025 vs an ~18% rise in NIFTYAUTO