Tata Motors's JLR Pauses Its US Exports for Apr

Tata Motors Ltd's decision to pause exports of Jaguar Land Rover (JLR) cars to the US for April raises concerns for both the company's volumes and financial performance this fiscal year, as well as for the broader Indian auto sector that sees the country as a key export market.

- Ayaan Kartik

NEW DELHI:

On 26 March, US President Donald Trump had announced a 25% duty on all cars and car parts imported into the country. Since that announcement, Tata Motors shares have slid over 13% as of Friday's closing, against a fall of over 5% in the BSE Auto Index.

North America—including the US and Canada—accounted for more than a fifth of JLR's overall sales volume in fiscal 2024. The region accounted for 15% of Tata Motors' consolidated revenue of ₹4.37 trillion in FY24.