New Delhi, Oct. 24 -- The outlook of Tata Motors Passenger Vehicles Ltd. (Tata Motors PVs) has been revised to negative from stable, citing a slower-than-expected recovery at its wholly owned subsidiary, Jaguar Land Rover Automotive PLC (JLR), according to the S&P Global Ratings.

However, the agency affirmed its long-term issuer credit rating at 'BBB'.

According to the report, cash flow at Tata Motors PVs is expected to be significantly lower due to a prolonged operational disruption at JLR following a cyber-incident. While JLR has resumed production, the ramp-up to full capacity is likely to be gradual.

It stated "The negative outlook reflects our view that a recovery from the operational disruption following a cyber incident at JLR c...