Mumbai/IBNS, Nov. 17 -- The shares of Tata Motors Passenger Vehicles (TMPV) Ltd. on Monday tanked by a major margin after its luxury arm Jaguar Land Rover (JLR) reported a sharp decline in its quarterly financial performance, media reports said.

The shares declined by 7.27% to Rs. 363.15.

In the September quarter, JLR reported a 24.3% year-on-year decrease in revenue in Q2 of FY 2025-26.

The production was halted for five weeks after a cyberattack.

The revenue from operations fell around 13-14 percent year-on-year to about Rs. 72,300 crore.

Excluding the exceptional gain, the business would have recorded a loss of roughly Rs. 6,368 crore.

The JLR segment recorded a 24.3% drop in revenue, took a £485 million loss before tax and ...