JLR seeks PS500M loan to recover from cyberattack
Jaguar Land Rover (JLR), owned by Tata Motors, is preparing a £500 million private loan to keep its supply chain steady after a major cyberattack in September 2025 disrupted production worldwide.
The attack hit JLR's just-in-time manufacturing and put about 34,000 direct jobs and 120,000 indirect (including suppliers) jobs at risk.
This new funding comes alongside an announced £1.5 billion UK government-backed guarantee, giving JLR five years of extra financial breathing room, though the guarantee is yet to be finalized.
Production started ramping up in early October
To help suppliers and keep things moving, JLR set up a help desk and switched to manual invoice payments for now.
Production started ramping up again in early October, with full operations unlikely until after Christmas.
While tackling the tech issues behind the scenes, JLR still managed to grow revenue by 27% to £29 billion for fiscal 2024—and they're looking for another £2 billion from banks to stay on track.