Tata PV unit gets one-time boost in Q2

JLR HAS NOW restarted operations globally, with production returning to normal levels from October 8, and the company maintains that it remains on track to achieve its full-year targets prior to the cyber incident.

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Still, the damage in the September quarter was significant. JLR swung to a loss after tax of £559 million and its full-year Ebit margin guidance has been cut to 0-2% from the earlier goal of up to 7%. The unit also estimated cyberattack costs at £196 million in the quarter and confronted added pressure from higher US tariffs and lower volumes.