Jaguar Land Rover's retail and production activities have been "severely disrupted" following a cybersecurity incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlled manner.
The company, owned by India's Tata Motors, said it had not found any evidence at this stage that any customer data had been stolen after it shut down its systems to mitigate impact. It did not provide further details.
Tata Motors did not immediately respond to a Reuters request for comment.
The disruption adds to JLR's woes after a report in July said it had delayed the launch of its electric Range Rover and Jaguar models for more testing and for demand to pick up.
The automaker is the latest British company to be hit by a cyber security incident in recent months amid a surge in cyber and ransomware attacks globally, as increasingly sophisticated threat actors disrupt operations and compromise sensitive data.
Last month, British retailer M&S resumed taking click and collect orders for clothing after a nearly four-month hiatus following a cyber hack and data theft.
Hackers also attempted to break into retailer Co-op Group's systems in April.
Global equity markets, including from the U.S., Europe and Asia, rose while oil prices fell on Wednesday, as traders cheered news of ceasefire proposals to de-escalate the ongoing conflict in the Middle East.
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Gulf markets ended mixed on Tuesday, with Qatar extending losses while other bourses steadied as investors parsed conflicting signals on potential US-Iran talks.
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.