S&P cuts India’s Tata Motors PV outlook on slow JLR recovery from cyberattack
Ratings agency S&P Global on Thursday downgraded its outlook of India’s Tata Motors Passenger Vehicles to ‘negative’, citing a “slow recovery” of the automaker’s key Jaguar Land Rover (JLR) unit, which was hit by a cyberattack early last month. The cyber incident at UK-based JLR, the cash cow unit of Tata Motors, led to an…