September 30, 2025 – Jaguar Land Rover (JLR), a subsidiary of India’s Tata Group, has reportedly approached several banks for a £2 billion emergency loan following a cyberattack in late August. The move aims to ease financial strain caused by the security breach.
Sources familiar with the matter revealed that the 18-month secured loan has already secured commitments from Standard Chartered, Citi, and MUFG. While interest rates remain under negotiation, the lenders plan to eventually syndicate or sub-underwrite the debt to larger banking consortia.
This development follows yesterday’s announcement by the UK government that it would provide JLR with a separate £1.5 billion loan facility. The five-year government-backed financing, arranged through a HSBC-led commercial banking consortium, features an 80% guarantee from the state, with participating banks assuming the remaining 20% risk.
Tata Group has declined to comment on the ongoing financial arrangements. The dual funding approaches highlight both private sector and governmental efforts to stabilize the luxury automaker during its cybersecurity crisis.
